5
QuizMultiple Choice

Life Insurance

Question 5 • LVA - Mathematical Modeling - Spring

At the age of 28, you decide to invest into a 20-Year Endowment insurance policy. The face value for the policy that you are interested on is $91,500. Using the provided table, determine the annual premium for a 28-year-old healthy female seeking a 20-Year Endowment. Use the table provided below and round your answer to the nearest cent where necessary.

Question illustration
Answer
A
$3,334.26
B
$3,290.34
C
$3,229.95
D
$3,190.61
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