Calculate the Value of the Nonforfeiture Options for the Following

question 92

Short Answer

Calculate the value of the nonforfeiture options for the following life insurance policy issued to a female at age 20. $$\begin{array} { l l l l l l l } \text { Face Value } & \text { Years in } & \text { Type of } & \text { Cash } & \text { Paid-up } & \text { Extended } & \text { Term } \\\text { of Policy } & \text { Force } & \text { Policy } & \text { Value } & \text { Ins. } & \text { Years } & \text { Day } \\\hline \$ 50,000 & 5 &\text { 20-Year} & & & &\\&&\text {Endowment}&&&& \end{array}$$

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Definitions:

EPA

The Environmental Protection Agency, a federal agency tasked with protecting human health and the environment through regulations and oversight.

Manufacturers

Companies or individuals that produce goods on a large scale using machinery, labor, and innovative processes, often within specific industries.

Unintentional Effect

An outcome or result that occurs without the intent of the involved parties, often unexpected or unplanned.

Clean Air Act

United States federal law designed to control air pollution on a national level by setting emissions standards for industries and vehicles.