A 50-year-old male purchased a 20-Year Endowment insurance policy at the age of 40.The face value of the policy was $85,000. He asks his insurance agent for a reduced paid up insurance nonforfeiture option. Given the table below and the permanent insurance amount of $48.20 per thousand, determine the reduced paid up insurance value and the annual premium.

Respuesta :

Answer:

The reduced paid up insurance value is $47,770 and the annual premium is $4,097

Answer:

a.

Step-by-step explanation: