J.C. Monahan, age 40, bought a straight-life insurance policy for $210,000. Calculate her annual premium. (Use Table 20.1.) If after 20 years J.C. no longer pays her premiums, what nonforfeiture options will be available to her? (Use Table 20.2.)

TABLE 20-1 Five-year Straight Twenty- Age Twenty-year Life insurance rates for males (for term Age life Age payment life Age endowment females, subtract 3 years from the 20 1.85 20 5.90 age)2 20 8.28 20 13.85 21 1.85 21 6. 13 21 8.61 21 1 4.35 22 1.85 22 6.35 22 8.91 22 14.92 23 1.85 23 6.60 23 9.23 23 15.54 24 1.85 24 6.85 24 9.56 24 16.05 25 1.85 25 7.13 25 9.91 25 17.55 26 1.85 26 7.43 26 10.29 26 17.66 27 1.86 27 7.75 27 10.70 27 18.33 28 1.86 28 8.08 28 11.12 28 19.12 29 1.87 29 8.46 29 1 1.58 29 20.00 30 1.87 30 8.85 30 12.05 30 20.90 31 1.87 31 9.27 31 12.57 31 21.88 32 1.88 32 9.71 32 13. 10 32 22.89 33 1.95 33 10.20 33 13.67 33 23.98 34 2.08 34 10.71 34 14.28 34 25.13 35 2.23 35 1 1.26 35 14.92 35 26.35 36 2.44 36 1 1.84 36 15.60 36 27.64 37 2.67 37 12.46 37 16.30 37 28.97 38 2.95 38 13. 12 38 17.04 38 30.38 39 3.24 39 13.8 1 39 17.81 39 31.84 40 3.52 40 14.54 40 18.61 40 33.36 41 3.79 41 15.30 41 19.44 41 34.94 42 4.04 42 16.1 1 42 20.31 42 36.59 43 4.26 43 16.96 43 21.21 43 38.29 44 4.50 44 17.86 44 22. 15 44 40.09TABLE 20-2 Nonforfeiture options based on $1,000 face value STRAIGHT LIFE 20-PAYMENT LIFE 20-YEAR ENDOWMENT Years EXTENDED EXTENDED EXTENDED insurance Amount of TERM Amount of TERM Amount of TERM policy in Cash paid-up Cash paid-up Cash paid-up force value insurance Years Day value insurance Years Day value insurance Years Day 5 29 86 9 91 71 220 19 190 92 229 23 140 10 96 259 18 76 186 521 28 195 319 520 30 160 15 148 371 20 165 317 781 32 176 610 790 35 300 20 265 550 21 300 475 1.000 Life 1,000 1,000 Life > Option 1: Cash value Option 2: Reduced paid-up insurance Option 3: Extended term Insurance $200,000 $200.000 $1.000 = 200 x $148 = $29.600 $1.000 = 200 x $371 =$74.200 Bob could continue this $200,000 policy for 20 years and 165 days.TABLE 20-2 Nonforfeiture options based on $1,000 face value STRAIGHT LIFE 20-PAYMENT LIFE 20-YEAR ENDOWMENT Years EXTENDED EXTENDED EXTENDED insurance Amount of TERM Amount of TERM Amount of TERM policy in Cash paid-up Cash paid-up Cash paid-up force value insurance Years Day value insurance Years Day value insurance Years Day 5 29 86 9 91 71 220 19 190 92 229 23 140 10 96 259 18 76 186 521 28 195 319 520 30 160 15 148 371 20 165 317 781 32 176 610 790 35 300 20 265 550 21 300 475 1.000 Life 1,000 1,000 Life > Option 1: Cash value Option 2: Reduced paid-up insurance Option 3: Extended term Insurance $200,000 $200.000 $1.000 = 200 x $148 = $29.600 $1.000 = 200 x $371 =$74.200 Bob could continue this $200,000 policy for 20 years and 165 days