10
QuizMultiple Choice

Life Insurance

Question 10 • LVA - Mathematical Modeling - Spring

A 26-year-old male is interested in purchasing life insurance. Using the table, determine what the annual premium for a 20-Payment Life insurance policy, given that the face value of the policy is $89,657. If need be, round your answer to the nearest cent.

Question illustration
Answer
A
$2,546.26
B
$2,609.92
C
$2,687.02
D
$2,750.68