You have just spoken to your insurance agent and you are interested in investing in a 20-Payment Life insurance
policy. Given that you are a 25-year-old healthy female, determine the annual premium for a policy with a face value of
$55,000.Use the table provided below and round your answer to the nearest cent where necessary.
Permanent Insurance
Age
222
25 $16.38
26
16.91
27
17.27
28 17.76
Whole Life
Male Female
a. $1,377.20
b. $790.90
20-Payment
Life
20-Year
Endowment
Male Female
Male Female
$25.04 $37.02 $34.87
25.96 37.67
35.30
26.83 38.23 35.96
36.44
$14.38 $28.40
14.77
29.11
15.23
29.97
15.66 30.68 27.54 38.96
c. $1,427.80
d. $1,475.65
