I only have an hour left! You are 28-year-old healthy male and interested in purchasing life insurance. Using the table, determine what the annual premium for a Whole Life insurance police, given that the face value of the policy is $162,253. If need be, round your answer to the nearest cent.
A 7-column table with 4 rows titled Permanent Insurance. Column 1 is labeled Age with entries 25, 26, 27, 28. Column 2 is labeled Whole life male (dollars) with entries 16.38, 16.91, 17.27, 17.76. Column 3 is labeled whole life female with entries 14.38, 14.77, 15.23, 15.66. Column 4 is labeled 20-payment life male with entries 18.40, 29.11, 29.97, 30.68. Column 5 is labeled 20-payment life female with entries 25.04, 25.96, 26.83, 27.54. Column 6 is labeled 20-year endowment male with entries 37.02, 37.67, 38.23, 38.96. Column 7 is labeled 20-year endowment female with entries 34.87, 35.30, 35.96, 36.44.
a.
$2,881.61
c.
$6,321.38
b.
$4,977.92
d.
$6,438.20