A 26-year-old male is interested in purchasing life insurance. Using the table, determine what the annual premium fom
a 20-Payment Life insurance policy, given that the face value of the policy is $89,657. If need be, round your answer
the nearest cent.
Age
25
26
27
28
Permanent Insurance
a. $2,546.26
b. $2,609.92
20-Payment
Life
20-Year
Endowment
Whole Life
Male Female Male Female Male Female
$16.38 $14.38 $28.40 $25.04 $37.02 $34.87
16.91 14.77 29.11 25.96 37.67 35.30
29.97
26.83 38.23
35.96
17.27 15.23
17.76 15.66 30.68 27.54
38.96
36.44
C. $2,687.02
d. $2,750.68
