questions 1, 2, 3, and 5

1. Calculating Life Expectancy. Using Exhibit 12-2, determine the life expectancy of a 40-year-old male. 2. Calculating Life Expectancy. Using Exhibit 12-2, determine the average number of additional years males alive at age 35 may expect to live 3. Calculating Life Expectancy. Using Exhibit 12-2, determine the life expectancy of a 60-year-old female. 4. Calculating the Amount of Life Insurance Needed Using the Multiple of Income Method. You have a gross annual income of $52,000. Use the multiple of income method to determine the minimum amount of life insurance you should carry 5. Calculating the Amount of Life Insurance Needed Using the Multiple of Income Method. You have a gross annual income of $55,000. Use the multiple of income method to determine the maximum amount of life insurance you should carry Chapter 12 Life Insurance + 1 EXHIBIT 12-2 Life expectancy tables, all races, 2014 This table helps insurance companies determine insurance premiums Use the table to find the average number of additional years a 25 year old male and female are expected to live Expectation of Life in Years Expectation of Life in Years Age Male Female Age Male Female 0 76,5 81.3 50 29.8 33.4 76.0 80.7 55 25.6 29.0 5 72.0 768 60 21.7 24.7 10 67.1 71.8 65 18.0 20.6 15 621 66.8 70 14.5 16.7 20 573 61.9 75 112 131 25 527 570 BO 8.4 9.8 30 48.0 522 85 6.0 74 35 43 4 474 90 40 388 426 05 29 342 380 100 2.1 23 1. Calculating Life Expectancy. Using Exhibit 12-2, determine the life expectancy of a 40-year-old male. 2. Calculating Life Expectancy. Using Exhibit 12-2, determine the average number of additional years males alive at age 35 may expect to live 3. Calculating Life Expectancy. Using Exhibit 12-2, determine the life expectancy of a 60-year-old female. 4. Calculating the Amount of Life Insurance Needed Using the Multiple of Income Method. You have a gross annual income of $52,000. Use the multiple of income method to determine the minimum amount of life insurance you should carry 5. Calculating the Amount of Life Insurance Needed Using the Multiple of Income Method. You have a gross annual income of $55,000. Use the multiple of income method to determine the maximum amount of life insurance you should carry Chapter 12 Life Insurance + 1 EXHIBIT 12-2 Life expectancy tables, all races, 2014 This table helps insurance companies determine insurance premiums Use the table to find the average number of additional years a 25 year old male and female are expected to live Expectation of Life in Years Expectation of Life in Years Age Male Female Age Male Female 0 76,5 81.3 50 29.8 33.4 76.0 80.7 55 25.6 29.0 5 72.0 768 60 21.7 24.7 10 67.1 71.8 65 18.0 20.6 15 621 66.8 70 14.5 16.7 20 573 61.9 75 112 131 25 527 570 BO 8.4 9.8 30 48.0 522 85 6.0 74 35 43 4 474 90 40 388 426 05 29 342 380 100 2.1 23