You are 25-year-old healthy male and interested in purchasing life insurance. Using the table, determine what the annual
premium for a 20-Year Endowment insurance police, given that the face value of the policy is $89,753. If need be, round
your answer to the nearest cent.
Permanent Insurance
20-Year
Age Whole Life
20-Payment
Life
Endowment
Male Female Male Female Male Female
25 $16.38 $14.38 $28.40 $25.04 $37.02 $34.87
26 16.91 14.77 29.11 25.96 37.67 35.30
27 17.27 15.23 29.97 26.83 38.23 35.96
28 17.76 15.66 30.68 27.54 38.96 36.44
a $3,431.26
C $3.322.66
b. $3.496.78
d $3.381.00