Question: the correct answer This question: 10 point(s ) possible What are the semiannual payments on a $200,000 universal life insurance policy for a 30-year-old male

the correct answer

the correct answer This question: 10 point(s )
This question: 10 point(s ) possible What are the semiannual payments on a $200,000 universal life insurance policy for a 30-year-old male with a preferred rate? Use table 1 and table 2. Click the icon to view Table 1, Estimated annual life insurance premium rates per $1,000 of face value. Click the icon to view Table 2, Premium rates for periods less than one year. The semiannual payment is $ . (Round to two decimal places as needed.) - X Table 1 Estimated Annual Life Insurance Premium Rates per $1,000 of Face Value 10-Year Level Term 20-Year Level Term Table 2 Age Male Female Age Male Female PREF | NT PREF | NT PREF NT PREF NT 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 Table 2-Premium Rates for Periods Less 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 Period Percent of Annual 5 0.87 1.44 2.73 0.75 1.26 2.23 35 1.17 1.73 3.62 1.02 Period Premium 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 Semiannually 51.0 26.00 45 1.51 2.69 5.33 1.38 2.12 4.08 45 2.23 3.73 8.42 1.75 Quarterly 2.92 5.57 50 2.03 3.76 8.08 2 2.98 5.78 50 3.45 5.99 12.90 2.59 4.40 8.02 Monthly 8.75 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 Print Done PREF NT PREF NT PREF NT T PREF NT 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 0 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 I = tobacco usage

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