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growing up . Tina tells you that she can afford about $ 4 5 0 per year for insurance premiums. You have suggested either a
growing up Tina tells you that she can afford about $ per year for insurance premiums. You have suggested either a year term policy or a whole life policy.
for each policy.
year term policy $
whole life policy $
b If she should die in the next years, how much more in $ will her children receive under the term insurance?
c Using Table if she should live beyond the th year, determine her nonforfeiture options with the whole life policy.
Option : Cash value in $
$
Option : Reduced Paidup Insurance in $
$
Option : Extended Term Enter your answer in years and an amount of days less than
years, days
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