J.C. Monahan, age 40, bought a ordinary whole-life insurance policy for $210,000. Calculate her annual premium....
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J.C. Monahan, age 40, bought a ordinary whole-life insurance policy for $210,000. Calculate her annual premium. (Use Table 9.1.) If after 20 years J.C. no longer pays her premiums, what nonforfeiture options will be available to her? (Use Table 9.2.) Note: Round your annual premium answer to the nearest cent. Annual premium Nonforfeiture options Option 1: Option 2: Option 3: J.C. Monahan, age 40, bought a ordinary whole-life insurance policy for $210,000. Calculate her annual premium. (Use Table 9.1.) If after 20 years J.C. no longer pays her premiums, what nonforfeiture options will be available to her? (Use Table 9.2.) Note: Round your annual premium answer to the nearest cent. Annual premium Nonforfeiture options Option 1: Option 2: Option 3:
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