Life insurance for a single parent is critical. Protect your children. The good news is life insurance for most single parents is very Inexpensive. Buy term life insurance with a 20-year term, multiply your annual income by 7 to 10 times to determine how much to buy but get what you can afford now. Compare premiums. Choose a beneficiary, Janette Raffa, a single mom, has two young children and wants to take out an additional $200,000 of 5year term Insurance. Janette is 39 years old. (Use Table 20.1) (for females subtract 3 years from the table.) (Leave no cells blank - be certain to enter "0" wherever required.) a. What will be her additional annual premium? Additional annual premium up b. In 3 years, what cash value will have been Cash value TABLE 20-1 Age Five-year term Age Stralght life Twenty- payment life Age Twenty-year endowment Life insurance rates for malos (for females, subtract 3 years from the age) Age 20 N 20 5.90 6.13 8.28 8.61 891 9.23 9.56 9.91 10.29 10.70 11.12 11.58 12.05 12.57 13.10 13.85 14.35 14.92 15.54 16.05 17.55 17.66 18.33 19.12 20.00 20.90 21.88 1367 107 14.54 4.26 15.30 16.11 16.96 17.86 19.44 20:31 21.21 22.15 3494 36:59 3829 40.09 4.50 44