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
20-Payment 20-Year
Age Whole Life
Life
Endowment
Male Female Male Female Male Fem ale
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
b. $3,496.78
C. $3.322.66
d. $3,381.00