Life Insurance Answers

Determine the permanent life insurance amount per thousand given that the policy belongs to a healthy 25-year-old male with an annual premium of $4,072.2 and a face value of $110,000 on a 20-Year Endowment insurance policy.

Determine the term life insurance amount per thousand on a 23-year-old male for a 5-year policy given that the face value of the policy is $151,625 and the annual premium is $397.26. Round your answer to the nearest cent.

How much will you have contributed to a 20-Payment Life insurance policy that has a face value of $45,200 over a 15-year period, given that the permanent insurance amount for a healthy 35-year-old female is $33.12 per thousand.

Your father, at the age of 40, purchased a Whole Life insurance policy with a face value of $110,000. 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 47. Determine the annual premium and use the table below to determine the value of the Extended term insurance policy.

When looking at a rate table for supplemental term life insurance, what are the rates based on?

You are 28-year-old healthy male and interested in purchasing life insurance. Using the table, determine what the annual premium for a Whole Life insurance police, given that the face value of the policy is $162,253. If need be, round your answer to the nearest cent.

The following table gives annual life insurance premiums per $1,000 of face value. Use the table to determine the face value of a 10-year term insurance policy on a 24-year-old male given that the annual premium for the insurance policy is $359.25. If need be, round your answer to the nearest cent.

A 50-year-old male purchased a 20-Year Endowment insurance policy at the age of 40.The face value of the policy was $85,000. He asks his insurance agent for a reduced paid up insurance nonforfeiture option. Given the table below and the permanent insurance amount of $48.20 per thousand, determine the reduced paid up insurance value and the annual premium.

When are non-forfeiture provisions used?

The following table gives annual life insurance premiums per $1,000 of face value. Use the table to determine the face value of a 10-year term insurance policy on a 25-year-old female given that the annual premium for the insurance policy is $384.59. If need be, round your answer to the nearest cent.

How much will you have contributed to a Whole Life insurance policy that has a face value of $60,000 over a 40-year period, given that the permanent insurance amount for a healthy 30-year-old male is $18.54 per thousand.

Determine the permanent life insurance amount per thousand given that the policy belongs to a healthy 28-year-old male with an annual premium of $1,332 and a face value of $75,000 on a Whole Life insurance policy.

Your father, at the age of 40, purchased a Whole Life insurance policy with a face value of $110,000. 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 47. Determine the annual premium and use the table below to determine the value of the Extended term insurance policy.

You have just spoken to your insurance agent and you are interested in investing in a 20-Payment Life insurance policy. Given that you are a 25-year-old healthy female, determine the annual premium for a policy with a face value of $55,000.Use the table provided below and round your answer to the nearest cent where necessary.

A 50-year-old male purchased a 20-Year Endowment insurance policy at the age of 40.The face value of the policy was $85,000. He asks his insurance agent for a reduced paid up insurance nonforfeiture option. Given the table below and the permanent insurance amount of $48.20 per thousand, determine the reduced paid up insurance value and the annual premium.

The following table gives annual life insurance premiums per $1,000 of face value. Use the table to determine the annual premium for a $75,000 10-year term policy for a 25-year-old male. Round your answer to the nearest cent.

You are 25-year-old healthy male and interested in purchasing life insurance. Using the table, determine what the annual premium for a 20-Year Endowment insurance police, given that the face value of the policy is $89,753. If need be, round your answer to the nearest cent.

Determine the term life insurance amount per thousand on a 23-year-old male for a 5-year policy given that the face value of the policy is $151,625 and the annual premium is $397.26. Round your answer to the nearest cent.

The following table gives annual life insurance premiums per $1,000 of face value. Use the table to determine the annual premium for a $75,000 10-year term policy for a 25-year-old male. Round your answer to the nearest cent.