Typical Annual Life Insurance Premiums for Males, per $1,000 Face Value
Age 10-Year
Ordinary 20-Payment 20-Year
Term Whole Life Life Endowment
35 6.11 17.81
27.48
43.81
36 6.43 18.52
28.23
44.00
37 6.76
19.26
28.99
44.19
38 7.12 20.04
29.79
44.40
39 7.53 20.87
30.62
44.63
40 8.00 21.75
31.50
44.87
41
8.52 22.69
32.43
45.12
42 9.08 23.69
33.41
45.39
43 9.70 24.73
34,43
45.67
44 10.38 25.82
35.46
45.98
45 11.16 26.94
36.51
46.31
Notes: (1) For semiannual premiums, use 51% of the annual rate.
(2) For quarterly premiums, use 26% of the annual rate.
(3) For monthly premiums, use 9% of the annual rate.
(4) For females, use the age of a male three years younger
George Anderson has $30,000 of twenty-payment life. If he is thirty-six years old, what premiums will he pay?
a. semi-annually
b. quarterly
c. monthly