Find the annual premium for a 10-year level term insurance policy with a face value of $50,000 for a 35-year-old male using a non-tobacco rate. Use the given table. E Click the icon to view the data table Estimated annual premium = $(Type an integer or a decimal.)
Find the annual premium for a 10-year level term insurance policy with a face value of $50,000 for a 35-year-old male using a non-tobacco rate. Use the given table. E Click the icon to view the data table Estimated annual premium = $(Type an integer or a decimal.)
Essentials Of Investments
11th Edition
ISBN:9781260013924
Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Chapter1: Investments: Background And Issues
Section: Chapter Questions
Problem 1PS
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Transcribed Image Text:Find the annual premium for a 10-year level term insurance policy with a face value of $50,000 for a 35-year-old male using a non-tobacco rate. Use the given table.
E Click the icon to view the data table
Estimated annual premium = $(Type an integer or a decimal.)
Transcribed Image Text:Estimated Annual Life Insurance Premium Rates per $1,000 of Face Value
10-Year Level Term
20-Year Level Term
Age
PREF
1.09
Age
Male
Female
Male
Female
PREF
NT
PREF
NT
NT
PREF
NT
20
0.87
1.27
2.28
0.75
1.10
1.88
20
1.50
2.86
0.91
1.31
2.56
2.28
1.10
1.09
0.75
0.75
2.73 0.75
1.00
25
0.87
1.27
1.88
25
2.86
0.91
1.50
1.61
1.73
1.31
2.56
0.96
2.06
30
2.23
35
2.93
0.87
2.67
3.24
3.62
5.38
30
1.36
2.49
1.16
1.12
1.42
35
0.87
1.44
1.17
1.26
1.57
1.02
1.53
2.00
2.92
2.78
3.78
1.96
2.69
1.26
3.77
5.57
8.02
2.36
1.13
40
1.51
45
2.03
40
1.49
45 2.23
50 3.45
5.33
2.12
2.98
4.44
1.38
4.08
3.73
8.42
1.75
50
3.76
8.08
1.72
5.78
5.99
12.90
2.59
4.40
55
2.95
5.61
12.48 2.27
8.33
55
5.38
9.52
19.15
3.96
6.66
11.45
60
4.61
9.07 20.07
3.46
6.95
12.57 60
8.46
15.15 | 29.14
6.17
10.36
16.74
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