7
QuizMultiple Choice

Life Insurance

Question 7 • 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 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. $75,000 c. $80,369.13 b. $79,656.32 d. $76,436.17 Please select the best answer from the choices provided

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The following table gives annual life insurance…