You have just spoken to your insurance agent and you are interested in investing in a Whole Life insurance policy. Given that you are a 26-year-old healthy female, determine the annual premium for a policy with a face value of $76,429. Use
the table provided below and round your answer to the nearest cent where necessary.
Permanent Insurance
Age Whole 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 $1,164.01
c. $1,128.86
b. $1,099.05
d. $1,292.41