22
QuizMultiple Choice

Life Insurance

Question 22 • LVA - Mathematical Modeling - Spring

The following table gives annual life insurance premiums per $1,000 of face value. Use the table to determine the face value of a 5-year term insurance policy on a 23-year-old female given that the annual premium for the insurance policy is $242.11. If need be, round your answer to the nearest cent.

Question illustration
Answer
A
$116,961.35
B
$112,609.30
C
$109,058.56
D
$105,265.22
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