8
QuizMultiple Choice

Life Insurance

Question 8 • LVA - Mathematical Modeling - Spring

Your father, at the age of 40, purchased a Whole Life insurance policy with a face value of $80,210. The permanent insurance amount for a Whole Life insurance policy for a healthy 40-year-old male is $27.17. Your father decided to terminate the policy at the age of 50. Use the following table to determine the cash value of the policy upon cancellation.

Question illustration
Answer
A
$561.47
B
$1,684.41
C
$3,609.45
D
$5,213.65
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