Life Insurance planning

Maria is considering the purchase of a $25,000 nonpar continuous premium whole life policy. She wants to determine the annual cost of coverage over a 20-year period. For computations involving the time value of money, assume the appropriate interest rate is 6%. Her agent provided the following information: Annual premium........ Cash value after 20 years........ $230.00 $4,789.00 Calculate the policy's traditional net cost per thousand per year and the policy's surrender cost per thousand per year. Maria is considering the purchase of a $25,000 nonpar continuous premium whole life policy. She wants to determine the annual cost of coverage over a 20-year period. For computations involving the time value of money, assume the appropriate interest rate is 6%. Her agent provided the following information: Annual premium........ Cash value after 20 years........ $230.00 $4,789.00 Calculate the policy's traditional net cost per thousand per year and the policy's surrender cost per thousand per year