Calculate the value of the nonforfeiture options for the following life insurance policy issued to a female at age 20. $$\begin{array} { l l l l l l l }
\text { Face Value } & \text { Years in } & \text { Type of } & \text { Cash } & \text { Paid-up } & \text { Extended } & \text { Term } \
\underline{\text { of Policy }} & \underline{\text { Force }} &\underline{ \text { Policy} } &\underline{ \text { Value }} & \underline{\text { Ins. } }& \underline{\text { Years }} & \underline{\text { Day }} \
\$ \$ 60,000 & 7 & \text { Whole } & & & &\
&&\text { Life }&&&&
\end{array}$$

Question

Calculate the value of the nonforfeiture options for the following life insurance policy issued to a female at age 20. $$\begin{array} { l l l l l l l } 
\text { Face Value } & \text { Years in } & \text { Type of } & \text { Cash } & \text { Paid-up } & \text { Extended } & \text { Term } \
\underline{\text { of Policy }} & \underline{\text { Force }} &\underline{ \text { Policy} } &\underline{ \text { Value }} & \underline{\text { Ins. } }& \underline{\text { Years }} & \underline{\text { Day }} \
\$ \$ 60,000 & 7 & \text { Whole } & & & &\
&&\text { Life }&&&&
\end{array}$$

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. $$\begin{array} { l l l l l l l } 
\text { Face Value } & \text { Years in } & \text { Type of } & \text { Cash } & \text { Paid-up } & \text { Extended } & \text { Term } \
\underline{\text { of Policy }} & \underline{\text { Force }} &\underline{ \text { Policy} } &\underline{ \text { Value }} & \underline{\text { Ins. } }& \underline{\text { Years }} & \underline{\text { Day }} \
\$ \$ 60,000 & 7 & \text { Whole } & & & &\
&&\text { Life }&&&&
\end{array}$$

Calculate the Value of the Nonforfeiture Options for the Following