At the age of 28, you decide to invest into a 20-Year Endowment insurance policy. The face value for the policy that you are interested on is $91,500. Using the provided table, determine the annual premium for a 28-year-old healthy female seeking a 20-Year Endowment. Use the table provided below and round your answer to the nearest cent where necessary. A 7-column table with 4 rows title Permanent Insurance. Column 1 is labeled Age with entries 25, 26, 27, 28. Column 2 is labeled Whole life male (dollars) with entries 16.38, 16.91, 17.27, 17.76. Column 3 is labeled whole life female (dollars) with entries 14.38, 14.77, 15.23, 15.66. Column 4 is labeled 20-payment life male (dollars) with entries 28.40, 29.11, 29.97, 30.68. Column 5 is labeled 20-payment life female (dollars) with entries 25.04, 25.96, 26.83, 27.54. Column 6 is labeled 20-year endowment male (dollars) with entries 37.02, 37.67, 38.23, 38.96. Column 7 is labeled 20-year endowment female (dollars) with entries 34.87, 35.30, 35.96, 36.44. a. $3,334.26 c. $3,229.95 b. $3,290.34 d. $3,190.61
Answer is A edge