9
QuizMultiple Choice

Life Insurance

Question 9 • LVA - Mathematical Modeling - Spring

Determine the permanent life insurance amount per thousand given that the policy belongs to a healthy 27-year-old female with an annual premium of $2,441.53 and a face value of $91,000 on a 20-Payment life insurance policy.

Answer
A
$25.04
B
$26.83
C
$25.96
D
$27.54

Explanation

Divide the annual premium by the face value measured in thousands: $91,000 is 91 units of $1,000. Then $2,441.53 ÷ 91 = $26.83 per $1,000 of coverage. The correct choice is $26.83.

AI-written and checked against the verified answer.

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