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Use the table above to find the yearly premiums in each of the following cases. Emily Ruth Webster is twenty-seven. She is purchasing twenty-year endowment insurance, with a face value of $25,000. What is her annual premium? 519.50 558.50 1,058.50 1,066.75

Use the table above to find the yearly premiums in each of the following cases Emily Ruth Webster is twentyseven She is purchasing twentyyear endowment insuranc class=

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meeraasrinivas

Answer:

Emily Ruth's annual premium is $1058.50

Step-by-step explanation:

Emily Ruth is a female of 27 years age purchasing 20 year endowment insurance with face value $25000.

From the given table,

For females, the age of a male 3 years younger should be used.

So, we have to check for 24 year male for 20 year endowment.

It is 42.34 for every $1000 face value.

For a face value of $25000,

it is 25 * 42.34 = $1058.50

∴ Emily Ruth's annual premium is $1058.50

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