At the age of 28, you decide to invest into a 20-Year Endowment insurance policy. The face value for the policy that you are
interested in is $91,500. Using the provided table, determine the annual premium for a 28-year-old healthy female seeking a
20-Year Endowment. Use the table provided below and round your answer to the nearest cent where necessary.
Permanent Insurance
Age Whole Life
Life 20-Payment 20-Year
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 $3,334.26
c. $3,229.95
b. $3,290.34
d. $3,190.61