Your father, at the age of 40, purchased a Whole Life insurance policy with a face value of $80,210. The permanent insurance amount for a Whole Life insurance policy for a healthy 40-year-old make is $27.17. Your father decided to terminate the policy at the age of 50. Use the following table to determine the cash value of the policy upon cancellation.
Please select the best answer from the choices provided
A. $561.47
B. $1,684.41
C. $3,609.45
D. $5.213.65
Answer:
D). $5,213.65