Cindy franklin started a whole-life insurance policy for


Question: Cindy Franklin started a whole-life insurance policy for $250,000 when she was 23 years old. At age 50, the policy has a cash value of $12,606 and Cindy converts the policy to extended term insurance for the same face value. Use 20-year level term rates to estimate the number of years of extended term insurance she has using a non-tobacco rate.

Solution Preview :

Prepared by a verified Expert
Mathematics: Cindy franklin started a whole-life insurance policy for
Reference No:- TGS02424339

Now Priced at $15 (50% Discount)

Recommended (97%)

Rated (4.9/5)