Your mother, at the age of 35, purchased a 20-Year Endowment insurance policy with a face value of $65,342. The permanent insurance amount for a 20-Year Endowment insurance policy for a healthy 40-year-old female is $37.10.
Your mother decided to terminate the policy at the age of 50. Use the following table to determine the cash value of
the policy upon cancellation.
20-Year Endowment Options
End Option 1 Option 2 Option 3
of
Reduced Extended
Year
Cash Value Paid-Up
Term
Insurance Years Days
7
$226
$421
26 10
10
364
562
31 182
15
687
834
37 50
20
1000
1000
-Life-
ZAZ
AA OOO
ok