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
age
whole life 20-payment
20-year
life
20-
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