4
QuizMultiple Choice

Life Insurance

Question 4 • LVA - Mathematical Modeling - Spring

The following table gives annual life insurance premiums per $1,000 of face value. Use the table to determine the annual premium for a $110,000 5-year term policy for a 22-year-old female. Round your answer to the nearest cent.

Question illustration
Answer
A
$280.50
B
$244.20
C
$253.00
D
$236.50
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