At age 29, Akeem has decided to purchase a 10-year term insurance policy with face value of $240,000. Use Tables 19-1 and 19-2 in your text to calculate his quarterly premium.

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Akeem is 29 years old and purchasing a 10-year term insurance policy with a face value of $240,000. According to Table 19-1, the annual premium rate for a 29-year-old male is $1.28 per $1,000 of coverage. Therefore, Akeem's annual premium would be $1.28 x $240,000 = $307.20. To calculate the quarterly premium, we divide the annual premium by 4, which gives us $307.20 / 4 = $76.80.

At Age 29, Akeem Has Decided to Purchase a 10-Year