Answer Happy

Using Table 19-3, calculate the value of the nonforfeiture options for the life insurance policy. (Express Cash Value and Reduced Paid-Up Insurance in $.) Extended Term Face Value Years in of Policy Type of Policy Cash Value Reduced Paid-Up Insurance Force Years Days 300,000 3 20-payment life $ $
TABLE 19-3 Nonforfeiture Options (per $1,000 of Face Value Issued to a Woman at Age 20) Whole Life Options 20-Payment Life Options 20-Year Endowment Options 1 2 3 2 3 1 2 3 Extended End Reduced Extended Term Reduced Paid-Up Reduced Extended Term Term of Cash Paid-Up Cash Years Days Value Paid-Up Year Value Years Days Insurance Insurance Insurance 3 $ 11 $25 $90 4 217 $ 39 $ 97 7 132 5 32 64 212 14 86 91 233 204 7 54 99 367 23 152 186 381 310 98 186 496 30 206 324 512 117 314 789 34 142 647 794 350 491 1,000 1,000 1,000 10 15 20 157 262 Years 2 9 13 17 21 25 1 Cash Days Value 17 $ 29 23 73 142 101 54 191 218 322 77 505 -Life- 19 26 32 37 -Life-