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

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A
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