Maria, age 28, wants to pay no more than $300 a year in life insurance. What is the face value of the largest 20-year term policy she can buy without spending more than $300 annually? Annual life insurance premium (per $1,000 dollars of face value) for age 28: a 10-year term for a female is 1.28, a 15-year term for a female is 1.54, a 20-year term for a female is 1.89, and whole life for a female is 9.46.a. $234,000
b. $158,000
c. $11,000
d. $567,000
