Estimated Annual Life Insurance Premium Rates per $1,000 of Face Value10-Year Level Term20-Year Level TermAgePREF1.09AgeMaleFemaleMaleFemalePREFNTPREFNTNTPREFNT200.871.272.280.751.101.88201.502.860.911.312.562.281.101.090.750.752.73 0.751.00250.871.271.88252.860.911.501.611.731.312.560.962.06302.23352.930.872.673.243.625.38301.362.491.161.121.42350.871.441.171.261.571.021.532.002.922.783.781.962.691.263.775.578.022.361.13401.51452.03401.4945 2.2350 3.455.332.122.984.441.384.083.738.421.75503.768.081.725.785.9912.902.594.40552.955.6112.48 2.278.33555.389.5219.153.966.6611.45604.619.07 20.073.466.9512.57 608.4615.15 | 29.146.1710.3616.74 Use the given table. Parker's $250,000 whole-life insurance policy has a cash value of $11,286. Parker is 60 years old, female, smokes, and is converting to anextended term policy for the same face value. Use 10-year level term rates to estimate the number of years of extended term insurance she has.Click the icon to view the data table.Parker has years of extended term insurance.(Do not round until the final answer. Then round to two decimal places as needed.)

Estimate the number of years of extended term insurance by referring to Tobacco rate @ 10 year level…

Use the given table. Parker's $250,000 whole-life insurance policy has a cash value of $11,286. Parker is 60 years old, female, smokes, and is converting to an extended term policy for the same face value. Use 10-year level term rates to estimate the number of years of extended term insurance she has. Click the icon to view the data table.

Use the given table. Parker's $250,000 whole-life insurance policy has a cash value of $11,286. Parker is 60 years old, female, smokes, and is converting to an extended term policy for the same face value. Use 10-year level term rates to estimate the number of years of extended term insurance she has. Click the icon to view the data table.

CONCEPTS IN FED.TAX.,2020-W/ACCESS

20th Edition

ISBN:9780357110362

Author:Murphy

Publisher:Murphy

Chapter4: Income Exclusions

Section: Chapter Questions

Problem 38P

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