1. Ben is a 39 year old male and wishes to purchase $385,000 in twenty payment life insurance to cover his mortgage in the event of his death. If the rate per thousand the charts shows at his age is $15.29, how much would the life insurance cost him?

2. Bobby Jones purchased property insurance to cover a large shipment of seasonal merchandise. The annual premium of the policy was $7500. Three months later, the goods were sold and bobby canceled the policy. Using Table A what is the short-rate refund of premium.

Table A

Time policy is in force 2 3 4 5 6 7 8 9

% of annual premium 30 40 50 60 70 75 80 85

3. Gary Player needs temporary property insurance to cover his home for a period of 5 months. The annual premium is $1860. Use Table A to determine the amount of refund he will receive after 5 months.