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What are the quarterly payments on a $200,000 universal life insurance policy for a 30-year-old female with a preferred rate? Use table 1 and table

What are the quarterly payments on a $200,000 universal life insurance policy for a 30-year-old female with a preferred rate? Use table 1 and table 2.

Data table

Estimated Annual Life Insurance Premium Rates per $1,000 of Face Value

10-Year Level Term

20-Year Level Term

Age

Male

Female

Age

Male

Female

PREF

NT

T

PREF

NT

T

PREF

NT

T

PREF

NT

T

20

0.87

1.27

2.28

0.75

1.10

1.88

20

1.09

1.50

2.86

0.91

1.31

2.56

25

0.87

1.27

2.28

0.75

1.10

1.88

25

1.09

1.50

2.86

0.91

1.31

2.56

30

0.87

1.36

2.49

0.75

1.16

2.06

30

1.12

1.61

3.24

0.96

1.42

2.67

35

0.87

1.44

2.73

0.75

1.26

2.23

35

1.17

1.73

3.62

1.02

1.53

2.78

40

1.13

1.96

3.78

1.00

1.57

2.93

40

1.49

2.36

5.38

1.26

2.00

3.77

45

1.51

2.69

5.33

1.38

2.12

4.08

45

2.23

3.73

8.42

1.75

2.92

5.57

50

2.03

3.76

8.08

1.72

2.98

5.78

50

3.45

5.99

12.90

2.59

4.40

8.02

55

2.95

5.61

12.48

2.27

4.44

8.33

55

5.38

9.52

19.15

3.96

6.66

11.45

60

4.61

9.07

20.07

3.46

6.95

12.57

60

8.46

15.15

29.14

6.17

10.36

16.74

Whole Life

Universal Life

Age

Male

Female

Age

Male

Female

PREF

NT

T

PREF

NT

T

PREF

NT

T

PREF

NT

T

20

8.39

9.02

10.55

7.55

8.12

9.95

20

5.25

5.78

7.17

4.53

4.65

5.97

25

9.51

10.22

12.70

8.65

9.30

11.59

25

6.21

6.69

8.61

5.37

5.61

7.17

30

10.86

11.68

14.77

9.82

10.56

13.48

30

7.41

8.13

10.29

6.45

6.81

8.73

35

12.37

13.30

16.59

10.97

11.80

14.85

35

9.09

9.93

12.69

7.89

8.25

10.77

40

14.42

15.50

19.31

12.54

13.48

16.69

40

11.25

12.33

15.69

9.69

10.17

13.41

45

17.65

18.98

24.03

15.14

16.28

20.43

45

14.01

15.45

19.65

12.09

12.69

16.77

50

22.45

24.14

30.65

19.09

20.53

25.39

50

17.61

19.17

24.45

15.09

16.05

21.33

55

28.67

30.82

39.00

24.11

25.92

30.97

55

22.41

24.57

31.41

18.93

20.25

26.97

60

36.06

38.77

49.39

29.75

31.99

37.25

60

28.77

34.53

43.65

23.97

28.29

37.53

PREF=preferred,

NT=non-tobacco,

and

T=tobacco usage.

Data table

Table 2-Premium Rates for Periods Less

Period

Percent of Annual

Period Premium

Semiannually

51.00

Quarterly

26.00

Monthly

8.75

The quarterly payment is=

(Round to two decimal places as needed.)

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