An insured 26 year old purchased a $35,000, 20-year endowment policy with premiums payable quarterly. How much more did the insured pay the insurance company during her lifetime than she would have paid had she chosen annual premium payments? Refer to Table 12-1. (1 year = 12 months.)

Question

An insured 26 year old purchased a $35,000, 20-year endowment policy with premiums payable quarterly. How much more did the insured pay the insurance company during her lifetime than she would have paid had she chosen annual premium payments? Refer to Table 12-1. (1 year = 12 months.)​

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The Answer of An insured 26 year old purchased a $35,000, 20-year endowment policy with premiums payable quarterly. How much more did the insured pay the insurance company during her lifetime than she would have paid had she chosen annual premium payments? Refer to Table 12-1. (1 year = 12 months.)​

An Insured 26 Year Old Purchased a $35,000, 20-Year Endowment