TABLE 19-1 Annual Life Insurance Premiums (per $1,000 of Face Value) Age 18 $2.32 19 20 21 22 23 24 25 26 27 28 29 30 35 40 45 50 55 60 Male 2.38 2.43 2.49 2.55 2.62 2.69 2.77 2.84 2.90 2.98 3.07 3.14 5-Year Term 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 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 12.53 12.96 13.41 24.19 27.21 33.02 13.92 14.38 14.77 15.23 15.66 18.12 16.18 18.54 16.71 22.52 25.40 29.16 37.94 33.57 45.83 37.02 53.98 42.24 Permanent Insurance 20-Payment Life Female Male $23.14 $19.21 24.42 20.92 25.10 21.50 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 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 fale Female $33.22 $29.12 33.68 30.04 34.42 31.28 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 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
TABLE 19-1 Annual Life Insurance Premiums (per $1,000 of Face Value) Age 18 $2.32 19 20 21 22 23 24 25 26 27 28 29 30 35 40 45 50 55 60 Male 2.38 2.43 2.49 2.55 2.62 2.69 2.77 2.84 2.90 2.98 3.07 3.14 5-Year Term 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 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 12.53 12.96 13.41 24.19 27.21 33.02 13.92 14.38 14.77 15.23 15.66 18.12 16.18 18.54 16.71 22.52 25.40 29.16 37.94 33.57 45.83 37.02 53.98 42.24 Permanent Insurance 20-Payment Life Female Male $23.14 $19.21 24.42 20.92 25.10 21.50 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 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 fale Female $33.22 $29.12 33.68 30.04 34.42 31.28 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 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
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
Related questions
Question
People 19–2 is premium paid and percent of annual premium.
 Semi annually, 52%, quarterly 26% monthly 9% 
Transcribed Image Text:TABLE 19-1 Annual Life Insurance Premiums (per $1,000 of Face Value)
Age
18 $2.32
19
20
21
22
23
24
25
26
27
28
29
30
Male
2.38
2.43
2.49
2.55
2.62
2.69
2.77
2.84
2.90
2.98
3.07
3.14
5-Year
Term
35
3.43
40 4.23
45
6.12
50
9.72
55 16.25
60
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
@ ↓
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:2.
Face of Value
$40,000
Using Table 19-1 and
Semi annual, quarterly
policy.
insurance
(Round
Sex-age
Male-40
19-2 Calculate the annual,
and
life
Monthly (in $) for the life
answer to nearest Cent)?
Insured Type Anqual premists Sami annual Quarterly Monthly
Whole
Jour
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