Drill Problem 20-1 (Static) (LU 20-1 (1)] Calculate the annual premium for the following policy. (Use Table 20.1.) (for females subtract 3 years from the table.) Age and sex of insured Annual premium Amount of coverage (face value of policy) $ 200,000 Type of insurance policy Straight life 42 F TABLE 20-1 Five-year term Straight life Twenty-year endowment Age Age Age Age Life insurance rates for males (for emales, subtract 3 years from the Twenty- payment life 8.28 8.61 20 20 20 20 13.85 age)2 1.85 1.85 5.90 6.13 21 21 21 21 14.35 22 1.85 22 6.35 22 22 14.92 8.91 9.23 23 1.85 23 6.60 23 23 15.54 24 1.85 24 6.85 24 9.56 24 16.05 25 1.85 25 7.13 25 9.91 25 17.55 26 1.85 26 7.43 26 10.29 26 17.66 27 1.86 27 7.75 27 10.70 27 18.33 28 1.86 28 8.08 28 11.12 28 19.12 29 1.87 29 8.46 29 1 1.58 29 20.00 30 1.87 30 8.85 30 12.05 30 20.90 31 1.87 31 9.27 31 12.57 31 21.88 32 1.88 32 9.71 32 13.10 32 22.89 33 1.95 33 10.20 33 13.67 33 23.98 34 2.08 34 10.71 34 14.28 34 25.13 35 2.23 35 11.26 35 14.92 35 26.35 36 2.44 36 11.84 36 15.60 36 27.64 37 2.67 37 12.46 37 16.30 37 28.97 38 2.95 38 13.12 38 17.04 38 30.38 39 3.24 39 13.81 39 17.81 39 31.84 33.36 40 3.52 40 14.54 40 18.61 40 41 3.79 41 15.30 41 19.44 41 34.94 42 4.04 42 42 42 16.11 16.96 20.31 21.21 36.59 38.29 43 4.26 43 43 43 44 4.50 44 17.86 44 22.15 44 40.09 Drill Problem 20-1 (Algo) (LU 20-1 (1)] Calculate the annual premium for the following policy. (Use Table 20.1.) (for females subtract 3 years from the table.) (Round your answer to the nearest cent.) Amount of coverage (face value of policy) $ 119,000 Age and sex of insured 43 M. Type of insurance policy Straight life Annual premium TABLE 20-1 Flve-year term Straight life Twenty-year endowment Age Age Twenty- payment life Age Age Life insurance rates for males (for females, subtract 3 years from the age) 20 20 5.90 20 8.28 20 13.85 21 21 21 21 14.35 1.85 1.85 1.85 1.85 6.13 6.35 8.61 8.91 22 22 22 22 14.92 23 23 6.60 23 9.23 23 15.54 24 1.85 24 24 9.56 24 16.05 6.85 7.13 25 1.85 25 25 9.91 25 17.55 26 1.85 26 7.43 26 10.29 26 17.66 27 1.86 27 7.75 27 10.70 27 18.33 28 1.86 28 8.08 28 28 19.12 11.12 1 1.58 29 1.87 29 8.46 29 29 20.00 30 1.87 30 8.85 30 12.05 30 20.90 31 1.87 31 9.27 31 12.57 31 21.88 22.89 32 1.88 32 9.71 32 13.10 32 33 1.95 33 10.20 33 13.67 33 23.98 34 2.08 34 10.71 34 14.28 34 25.13 26.35 35 2.23 35 11.26 35 14.92 35 36 2.44 36 11.84 36 15.60 36 27.64 37 2.67 37 12.46 37 16.30 37 28.97 38 2.95 38 13.12 38 38 30.38 17.04 17.81 39 3.24 39 13.81 39 39 31.84 40 3.52 40 14.54 40 18.61 40 33.36 41 3.79 41 15.30 41 41 34.94 42 4.04 42 16.11 42 19.44 20.31 21.21 42 36.59 43 4.26 43 16.96 43 43 38.29 44 4.50 44 17.86 44 22.15 44 40.09