Calculate the value of the nonforfeiture options for the following life insurance policy issued to a female at age 20. $$\begin{array} { l l l l l l l }
\text { Face Value } & \text { Yearsin } & \text { Type of } & \text { Cash } & \text { Paid-up } & \text { Extended } & \text { Term } \
\text { of Policy } & \text { Force } & \text { Policy } & \text { Value } & \text { Ins. } & \text { Years } & \text { Day } \
\hline \$ 45,000 & 7&\text {Whole} & & & &\
&& \text {Life}&&&&
\end{array}$$

Question

Calculate the value of the nonforfeiture options for the following life insurance policy issued to a female at age 20. $$\begin{array} { l l l l l l l } 
\text { Face Value } & \text { Yearsin } & \text { Type of } & \text { Cash } & \text { Paid-up } & \text { Extended } & \text { Term } \
\text { of Policy } & \text { Force } & \text { Policy } & \text { Value } & \text { Ins. } & \text { Years } & \text { Day } \
\hline \$ 45,000 & 7&\text {Whole} & & & &\
&& \text {Life}&&&&
\end{array}$$

Quizplus · Accepted Answer

The Answer of Calculate the value of the nonforfeiture options for the following life insurance policy issued to a female at age 20. $$\begin{array} { l l l l l l l } 
\text { Face Value } & \text { Yearsin } & \text { Type of } & \text { Cash } & \text { Paid-up } & \text { Extended } & \text { Term } \
\text { of Policy } & \text { Force } & \text { Policy } & \text { Value } & \text { Ins. } & \text { Years } & \text { Day } \
\hline \$ 45,000 & 7&\text {Whole} & & & &\
&& \text {Life}&&&&
\end{array}$$

Calculate the Value of the Nonforfeiture Options for the Following