The following table gives annual life insurance premiums per $1,000 of face value. Use the table to determine the annual
premium for a $110,000 5-year term policy for a 22-year-old female. Round your answer to the nearest cent.
Term Insurance
Age
5-Year Term
10-Year Term
Male Female Male Female
20 $2.43 $2.07 $4.49 $4.20
2.49 2.15
4.29
22 2.55 2.22 4.64
4.36
23
2.62 2.30
4.70
4.42
24
2.69 2.37
4.79
4.47
25 2.77 2.45 4.85 4.51
21
4.57
a $280.50
b. $244.20
c. $253.00
d $236.50