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.
Age
25
26
22
27
28
Permanent Insurance
20-Payment
Life
20-Year
Endowment
Whole Life
Male Female Male Female
Male Female
$34.87
$16.38 $14.38 $28.40 $25.04 $37.02
25.96 37.67 35.30
16.91
14.77
29.11
29.97 26.83
17.27
15.23
38.23
35.96
17.76
15.66
30.68
27.54 38.96 36.44
