Life Insurance Answers

Determine the term life insurance amount per thousand on a 22-year-old female for a 5-year policy given that the face value of the policy is $600,000 and the annual premium is $1332.a.$2.07c.$2.15b.$2.30d.$2.22

The following table gives annual life insurance premiums per $1,000 of face value. Use the table to determine the annual premium for a $95,636 5-year term policy for a 21-year-old male. Round your answer to the nearest cent. a. $410.28 c. $205.62 b. $437.06 d. $238.13 Please select the best answer from the choices provided

Determine the term life insurance amount per thousand on a 20-year-old male for a 10-year policy given that the face value of the policy is $65,000 and the annual premium is $291.85.a.$0.00449c.$0.2227b.$4.49d.$222.72

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. a. $280.50 c. $253.00 b. $244.20 d. $236.50 Please select the best answer from the choices provided

At the age of 28, you decide to invest into a 20-Year Endowment insurance policy. The face value for the policy that you are interested on is $91,500. Using the provided table, determine the annual premium for a 28-year-old healthy female seeking a 20-Year Endowment. Use the table provided below and round your answer to the nearest cent where necessary. a. $3,334.26 c. $3,229.95 b. $3,290.34 d. $3,190.61 Please select the best answer from the choices provided

You have just spoken to your insurance agent and you are interested in investing in a Whole Life insurance policy. Given that you are a 26-year-old healthy female, determine the annual premium for a policy with a face value of $76,429. Use the table provided below and round your answer to the nearest cent where necessary. a. $1,164.01 c. $1,128.86 b. $1,099.05 d. $1,292.41 Please select the best answer from the choices provided

A 30-year-old female purchased a 20-Year Endowment insurance policy at the age of 23. The face value of the policy was $78,250. She asks her insurance agent for the extended term nonforfeiture option. Given the table below and the permanent insurance amount of $37.80 per thousand, determine the annual premium and the Extended Term. a. Annual Premium of $2,532.10; 31 years and 182 days c. Annual Premium of $3,210.23; 37 years and 50 days b. Annual Premium of $2,957.85; 26 years and 10 days d. Annual Premium of $3,298.54; Life Please select the best answer from the choices provided

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. a. $561.47 c. $3,609.45 b. $1,684.41 d. $5,213.65 Please select the best answer from the choices provided

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.a.$25.04c.$25.96b.$26.83d.$27.54

A 26-year-old male is interested in purchasing life insurance. Using the table, determine what the annual premium for a 20-Payment Life insurance policy, given that the face value of the policy is $89,657. If need be, round your answer to the nearest cent. a. $2,546.26 c. $2,687.02 b. $2,609.92 d. $2,750.68 Please select the best answer from the choices provided