No Parker a single mother is 20 years old. She is calling you for an insurance consultation. Her objective is to purchase life insurance protection for the next 10 years for children are grown up. 1030 that she can afford about $350 per year for insurance premiums. Your suggested either a 10 year term policy or whole life policy.  A-using table 19–1 rounded to the nearest thousand how much insurance coverage of dollars contain a purchase Under each policy? 10 year term? Whole life ? B-if she should die in the next 10 years, how much more dollars with her children receive under the term insurance? C-using table 19–3 if she should live be on the 10th year, determine her down for feature options with a whole life policy. Option 1 cash value? Option2 reduced paid up insurance in dollars? Option3 extended term enter your answer in years and an amount of days less than 365?
No Parker a single mother is 20 years old. She is calling you for an insurance consultation. Her objective is to purchase life insurance protection for the next 10 years for children are grown up. 1030 that she can afford about $350 per year for insurance premiums. Your suggested either a 10 year term policy or whole life policy.  A-using table 19–1 rounded to the nearest thousand how much insurance coverage of dollars contain a purchase Under each policy? 10 year term? Whole life ? B-if she should die in the next 10 years, how much more dollars with her children receive under the term insurance? C-using table 19–3 if she should live be on the 10th year, determine her down for feature options with a whole life policy. Option 1 cash value? Option2 reduced paid up insurance in dollars? Option3 extended term enter your answer in years and an amount of days less than 365?
MATLAB: An Introduction with Applications
6th Edition
ISBN:9781119256830
Author:Amos Gilat
Publisher:Amos Gilat
Chapter1: Starting With Matlab
Section: Chapter Questions
Problem 1P
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No Parker a single mother is 20 years old. She is calling you for an insurance consultation. Her objective is to purchase life insurance protection for the next 10 years for children are grown up. 1030 that she can afford about $350 per year for insurance premiums. Your suggested either a 10 year term policy or whole life policy.

A-using table 19–1 rounded to the nearest thousand how much insurance coverage of dollars contain a purchase Under each policy?
10 year term?
Whole life ?
B-if she should die in the next 10 years, how much more dollars with her children receive under the term insurance?
C-using table 19–3 if she should live be on the 10th year, determine her down for feature options with a whole life policy.
Option 1 cash value?
Option2 reduced paid up insurance in dollars?
Option3 extended term enter your answer in years and an amount of days less than 365?
Transcribed Image Text:0-01 Quantitative B...
TABLE 19-1 Annual Life Insurance Premiums (per $1,000 of Face Value)
Age
18
19
20
21
22
23
24
25
26
27
28
29
30
35
40
45
$2.32
2.38
2.43
50
55
5-Year
Term
60
Male
2.49
2.55
2.62
2.69
2.77
2.84
2.90
2.98
3.07
3.14
3.43
4.23
6.12
9.72
16.25
24.10
Term Insurance
Female
$1.90
1.96
2.07
2.15
2.22
2.30
2.37
2.45
2.51
2.58
2.64
2.70
2.78
2.92
3.90
5.18
8.73
12.82
19.43
10-Year
Term
Male
$4.33
4.42
4.49
4.57
4.64
4.70
4.79
4.85
4.92
5.11
5.18
5.23
5.30
6.42
7.14
8.81
14.19
22.03
37.70
Female
$4.01
4.12
4.20
4.29
4.36
4.42
4.47
4.51
4.60
4.69
4.77
4.84
4.93
5.35
6.24
7.40
9.11
13.17
24.82
O
Whole
Life
Male Female
$13.22
$11.17
13.60
11.68
14.12
12.09
14.53
14.97
15.39
15.90
16.38
16.91
17.27
17.76
18.12
18.54
24.19
27.21
33.02
37.94
45.83
53.98
12.53
12.96
13.41
13.92
14.38
14.77
15.23
15.66
16.18
16.71
22.52
25.40
29.16
33.57
37.02
42.24
G
Permanent Insurance
20-Payment
Life
Male
$23.14
24.42
25.10
25.83
26.42
27.01
27.74
28.40
29.11
29.97
30.68
31.52
32.15
37.10
42.27
48.73
56.31
61.09
70.43
Female
$19.21
20.92
21.50
22.11
22.89
23.47
24.26
25.04
25.96
26.83
27.54
28.09
28.73
33.12
36.29
39.08
44.16
49.40
52.55
20-Year
Endowment
Male
$33.22
33.68
34.42
34.90
35.27
35.70 -
36.49
37.02
37.67
38.23
38.96
39.42
40.19
43.67
48.20
51.11
58.49
71.28
79.15
Female
$29.12
30.04
31.28
31.79
32.40
32.93
33.61
34.87
35.30
35.96
36.44
37.21
37.80
39.19
42.25
46.04
49.20
53.16
58.08
Transcribed Image Text:Ch. 19 Test: Insurance - BUSN - 230-01 Quantitative B...
esc
End
of Cash
Year Value
3
5
7
10
15
20
TABLE 19-3 Nonforfeiture Options (per $1,000 of Face Value Issued to a Woman at Age 20)
Whole Life Options
1
$ 11
32
54
98
157
262
18:
F1
2
Reduced
Paid-Up
Insurance
F2
$ 25
64
99
186
314
491
#
W Ch. 19 Test: Insurance - BUSN-230-01 Quantitative B...
3
Extended
Term
Years
2
9
13
17
21
25
80
F3
000
000
F4
Cash
Days Value
1
17 $ 29
23
73
142
101
54
191
218
322
77
505
%
webassign.net
F5
20-Payment Life Options
3
Extended
Term
2
Reduced
Paid-Up
Insurance
$ 90
212
367
496
789
1,000
MacBook Air
F6
https://www.webassign.net/brecmbc9/19-table-2.pdf
&
Years
F7
14
23
30
34
Ć
4% 217 $39
86
152
206
142
-Life-
1
Cash
Days Value
에
DII
FB
(
20-Year Endowment Options
3
Extended
Term
91
186
324
647
1,000
DD
F9
W https://www.webassign.net/brecmbc9/19-table-3.pdf
2
Reduced
Paid-Up
Insurance Years
$ 97
233
381
512
794
1,000
J
F10
7
19
26
32
37
()
-Life-
F11
+
Days
132
204
310
117
350
+8
F12
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