14
QuizMultiple Choice

Life Insurance

Question 14 • LVA - Mathematical Modeling - Spring

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.

Question illustration
Answer
A
$1,377.20
B
$790.90
C
$1,427.80
D
$1,475.65
Previous
Next