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Kathleen Osness aged 44 a massage therapist, decided to take a limited payment life policy she chose this since she expects her income to decline in future years. Kathleen decided to take out a 20-year payment life policy with a coverage amount of $83,000. Use table 20.1 end table 20.2 for female subtract 3 years when using table 20.1

Kathleen Osness aged 44 a massage therapist, decided to take a limited payment life policy she chose this since she expects her income to decline in future years. Kathleen decided to take out a 20-year payment life policy with a coverage amount of $83,000. Use table 20.1 end table 20.2 for female subtract 3 years when using table 20.1

ENGR.ECONOMIC ANALYSIS
ENGR.ECONOMIC ANALYSIS
14th Edition
ISBN:9780190931919
Author:NEWNAN
Publisher:NEWNAN
Chapter1: Making Economics Decisions
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Kathleen Osness aged 44 a massage therapist, decided to take a limited payment life policy she chose this since she expects her income to decline in future years. Kathleen decided to take out a 20-year payment life policy with a coverage amount of $83,000. Use table 20.1 end table 20.2 for female subtract 3 years when using table 20.1

30 Flve-year Stralght Twenty- Twenty-yea term payment life cby Age endowmen 1.85 8.28 20 21 13.85 17 22/ 1.85 6.13 8.61 14:35 1.85 6.35 22 1492 1.85 9.23 23 15.54 23. 24 1.85 6.85 9.56 24 16.05 25 1.85 7.13 9.9 1 25 17.55 1.85 7.43 10.29 17.66 27 7.75 10.70 18.33 98 27 98 1.87 80 8 8.46 11.12 19.12 28. 11.58 000, 1.87 12.05 21 1.87 9.27 31 12.57 31 21.88 32 1.88 9.71 13.10 32 682 1.95 10.20 13.67 10.71 34 14.28 34 25.13 2.23 11.26 14.92 26.35 SE 244 11.84 15.60 27.64 2.67 1246 16.30 28.97 2.95 13.12 17.04 30.38 3.24 1381 17.81 31.84 33.36, 40 41 352 14.54 18.61 40 41 40 41 40 379 1530 19.44 34.94 404 42 16.1 1 42 20.31 42 4.26 21.21 43 38 29 96 44 44 22.15 44 987
Transcribed Image Text:30 Flve-year Stralght Twenty- Twenty-yea term payment life cby Age endowmen 1.85 8.28 20 21 13.85 17 22/ 1.85 6.13 8.61 14:35 1.85 6.35 22 1492 1.85 9.23 23 15.54 23. 24 1.85 6.85 9.56 24 16.05 25 1.85 7.13 9.9 1 25 17.55 1.85 7.43 10.29 17.66 27 7.75 10.70 18.33 98 27 98 1.87 80 8 8.46 11.12 19.12 28. 11.58 000, 1.87 12.05 21 1.87 9.27 31 12.57 31 21.88 32 1.88 9.71 13.10 32 682 1.95 10.20 13.67 10.71 34 14.28 34 25.13 2.23 11.26 14.92 26.35 SE 244 11.84 15.60 27.64 2.67 1246 16.30 28.97 2.95 13.12 17.04 30.38 3.24 1381 17.81 31.84 33.36, 40 41 352 14.54 18.61 40 41 40 41 40 379 1530 19.44 34.94 404 42 16.1 1 42 20.31 42 4.26 21.21 43 38 29 96 44 44 22.15 44 987
TABLE 20-2 Nonforfeiture options based on $1,000 face value STRAGHT LIFE 20-PAYMENT LIFE 20-YEAR ENDOWMENT Yea's EXTENDED EXTENDED EXTENDED TERM Amount of paid-up Insurance Amount of TERM Amount of TERM Cash paid-up Cash Cash polty in for ce paid-up value insurance Years Day value insurance Years Day value insurance Years Day 23 140 30 160 35 300 29 86 9. 91 71 220 19 190 92 229 10 96 259 18 76 186 521 28 195 319 520 15 148 371 20 165 317 781 32 176 610 790 20 265 550 21 300 475 1,000 Life 1,000 1,000 Life Option 1: Cash value $200.000 $1,000 Option 2: Reduced paid-up Insurance Option 3: Extended term Insurance $200,000 Bob could ontinue this $200,000 policy for 20 years and 165 days. = 200 x$148 = $29,600 = 200 x $371 = $74,200 $1,000
Transcribed Image Text:TABLE 20-2 Nonforfeiture options based on $1,000 face value STRAGHT LIFE 20-PAYMENT LIFE 20-YEAR ENDOWMENT Yea's EXTENDED EXTENDED EXTENDED TERM Amount of paid-up Insurance Amount of TERM Amount of TERM Cash paid-up Cash Cash polty in for ce paid-up value insurance Years Day value insurance Years Day value insurance Years Day 23 140 30 160 35 300 29 86 9. 91 71 220 19 190 92 229 10 96 259 18 76 186 521 28 195 319 520 15 148 371 20 165 317 781 32 176 610 790 20 265 550 21 300 475 1,000 Life 1,000 1,000 Life Option 1: Cash value $200.000 $1,000 Option 2: Reduced paid-up Insurance Option 3: Extended term Insurance $200,000 Bob could ontinue this $200,000 policy for 20 years and 165 days. = 200 x$148 = $29,600 = 200 x $371 = $74,200 $1,000
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