At age 40, Janice has decided to purchase a 20-payment life insurance policy with a face value of $390,000. Use Tables 19-1 and 19-2 from your text to calculate her quarterly premium. (Round your answer to the nearest cent)

Question

Quizplus · Accepted Answer

Given the lack of specific tables (Tables 19-1 and 19-2) from the text, the correct answer cannot be directly calculated here. However, the choice provided as correct (C) suggests a specific premium amount. In real scenarios, the calculation of a life insurance premium would depend on factors such as the insured's age, the term of the policy, the face value of the policy, and the rate provided in the tables. Without access to these tables or additional details, a precise calculation cannot be performed. The answer provided assumes familiarity with the referenced tables and the calculation method they support.

At Age 40, Janice Has Decided to Purchase a 20-Payment