23
QuizMultiple Choice

Life Insurance

Question 23 • LVA - Mathematical Modeling - Spring

Your mother, at the age of 35, purchased a 20-Year Endowment insurance policy with a face value of $65,342. The permanent insurance amount for a 20-Year Endowment insurance policy for a healthy 40-year-old female is $37.10. Your mother decided to terminate the policy at the age of 50. Use the following table to determine the cash value of the policy upon cancellation.

Question illustration
Answer
A
$14,767.29
B
$23,784.49
C
$44,889.95
D
$54,495.23