Marguerite Jones is 40 years old, uses tobacco, and decides to convert her $500,000 whole-life insurance policy

Question:

Marguerite Jones is 40 years old, uses tobacco, and decides to convert her $500,000 whole-life insurance policy to extended term insurance. Use 20-year level term rates to estimate the number of years of extended term life insurance her cash value of $27,879 will buy.
Fantastic news! We've Found the answer you've been seeking!

Step by Step Answer:

Related Book For  book-img-for-question

Business Math

ISBN: 978-0133011203

10th edition

Authors: Cheryl Cleaves, Margie Hobbs, Jeffrey Noble

Question Posted: