Life insurance Premiums, Cash Values, and Net Cost of Insurance

Joe Tilson bought a $150,000 whole life insurance policy at age 35. Using the insurance premium table, find his annual premium.

(a)  

Tiana Sanders bought a $45,000 whole life insurance policy at age 25. Using the insurance premium table, find her annual premium.

(a)  

Daniel Price bought a $155,000 term life insurance policy. He is 30 years old. Using the insurance premium table, find his annual premium.

(a)  

Jamie Lee bought a $115,000 term life insurance policy. She is 40 years old. Using the insurance premium table, find her annual premium.

(a)  

Ashley Palmer received a premium notice from her insurance company for her life insurance policy. The policy listed an annual premium of $937 and also a dividend of $36.52. Ricardo decided to deduct the dividend from the premium and pay the difference. What was the net premium he paid?

(a)  

Emanuele Davis received a premium notice from his insurance company for his life insurance policy. The policy listed an annual premium of $756 and also a dividend of $40.22. Emanuele decided to deduct the dividend from the premium and pay the difference. What was the net premium he paid?

(a)  

Elise Matthews doesn’t smoke. When she was 20, she bought a whole life insurance policy for $150,000. This year, her policy paid a dividend of $26.18. Using the insurance premium table, find her annual premium and the net cost of her policy for this year.

(a)  

Joey Turner bought a whole life insurance policy for $230,000 at 35 years old. This year, his policy paid a dividend of $30.47. Using the insurance premium table, find his annual premium and the net cost of his policy for this year.

(a)  

Maria Andrews received a premium notice from her insurance company for her life insurance policy. The policy listed an annual premium of $682 and also a dividend of $45.13. Maria decided to deduct the dividend from the premium and pay the difference. What was the net premium she paid?

(a)  

Using the cash value table, how much can you borrow against a 15-year policy with a face value of $150,000?

(a)