Life Insurance Answers

Determine the term life insurance amount per thousand on a 25-year-old female for a 10-year policy given that the face value of the policy is $75,000 and the annual premium is $338.25.

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.

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.