Joseph, age 35, purchased a participating permanent life insurance policy in the amount of $10,000 with a term of 20 years. Below are the cost data of the policy:

Annual Premium - $230.00

. Total Dividends for the 20 years - $1,613

.Cash value at the end of 20 years - $3,620

Accumulated value if the premium is invested at 5% for the 20

years - $7,985

Accumulated value of dividends Invested at 5% for 20 years - $2,352

Amount to which $1 deposited annually at the beginning of each year that will accumulate at 5% for 20 years - $34,719

Calculate the cost per $1,000 of coverage per year

using the following methods:

1.Net Cost Method

2.Surrender Cost Index

3.Net Payment Cost