Maria, age 28, wants to pay no more than $300 a year in life insurance. What is the face value of the largest 20-year term policy she can buy without spending more than $300 annually? Annual life insurance premium (per 1,000 dollars of face value) for age 28. A 10-year term for female is 1. 28, 15 year term for female is 1. 54, 20 year term for female is 1. 89, and whole life for female is 9. 46. A. $234,000 b. $158,000 c. $11,000 d. $567,000.