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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 $450 per year for insurance premiums. You have suggested either a 10-year term policy or a whole life policy.
for each policy.
10-year term policy $
whole life policy $
(b) If she should die in the next 10 years, how much more (in $ ) will her children receive under the term insurance?
(c) Using Table 19-3, if she should live beyond the 10th year, determine her nonforfeiture options with the whole life policy.
Option 1: Cash value (in $)
$
Option 2: Reduced Paid-up Insurance (in $)
$
Option 3: Extended Term (Enter your answer in years and an amount of days less than 365.)
years, days
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