Question

Adam Smith is thirty-seven. He is purchasing twenty-year endowment insurance, with a face value of $25,000. What is his annual premium?

Answer 1

$1,104.75 is his annual premium

Answer 2

The average endowment for a male that is aged 37, has usually have an initial amount of annual premium that is $44.19/$1000.

The solution of this answer is : $44.19 x 25 = $1,104.75 is his annual annual premium that Adam will get.