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Ali purchased a $100,000 participating whole life policy. The annual premium is $2,000. Projected dividends for the first 20 years are $66,140. The cash value
Ali purchased a $100,000 participating whole life policy. The annual premium is $2,000. Projected dividends for the first 20 years are $66,140. The cash value after 20 years will be $29,000. If the premiums were Invested at 5 percent for 20 years. If the dividends were accumulated at 5 percent for 20 years, they would grow to be $25,600. (The future value interest annuity factor at 5% for 20 years equal 33.07). Based on this information, what is the net payment cost per thousand per year of All's policy over the 20-year period? $20.27 O $5.77 O-S2.64 O -$2.00
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