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Calculate the Value of the Nonforfeiture Options for the Following

Question 67

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Calculate the value of the nonforfeiture options for the following life insurance policy issued to a female at age 20.  Face Value  Years in  Type of  Cash  Pad-up  Extended  Term  of Policy  Force  Policy  Value  Ins.  Years  Day $20,0003 Whole  Life \begin{array}{lllllll}\text { Face Value } & \text { Years in } & \text { Type of } & \text { Cash } & \text { Pad-up } & \text { Extended } & \text { Term } \\\text { of Policy } & \text { Force } & \text { Policy } & \text { Value } & \text { Ins. } & \text { Years } & \text { Day } \\\hline \$ 20,000 & 3 & \text { Whole } & & & & \\&&\text { Life } & & & &\end{array}

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