A person aged 30 buys a whole life insurance policy with the following death benefits: $50,000 if death occurs between age 30 to 50%; $Y if death occurs after age 50. If the net single premium of this...


A person aged 30 buys a whole life insurance policy with the following death benefits:<br>$50,000 if death occurs between age 30 to 50%;<br>$Y if death occurs after age 50.<br>If the net single premium of this policy is $4183.42, what is the value of Y? (to nearest dollar)<br>You are given: A30=0.14271, A020 - 0.02202, Aso=0.30236<br>O A. $18,712<br>B. $25,540<br>C. $10,195<br>D. $21,599<br>

Extracted text: A person aged 30 buys a whole life insurance policy with the following death benefits: $50,000 if death occurs between age 30 to 50%; $Y if death occurs after age 50. If the net single premium of this policy is $4183.42, what is the value of Y? (to nearest dollar) You are given: A30=0.14271, A020 - 0.02202, Aso=0.30236 O A. $18,712 B. $25,540 C. $10,195 D. $21,599

Jun 09, 2022
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