At Age 40, Janice Has Decided to Purchase a 20-Payment

question 9

Multiple Choice

At age 40, Janice has decided to purchase a 20-payment life insurance policy with a face value of $390,000. Use Tables 19-1 and 19-2 from your text to calculate her quarterly premium. (Round your answer to the nearest cent)

• A) $3,587.16
• B) $10,258.30
• C) $3679.81
• D) $9,524.10

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Definitions:

Eugene Debs

was an American socialist, political activist, trade unionist, and one of the founding members of the Industrial Workers of the World, as well as a five-time Socialist Party of America presidential candidate.

Nationalize

The process by which a government takes ownership and control of a private industry or assets, typically for the purpose of redistributing wealth and maintaining essential services.

Conservation Movement

A progressive reform movement focused on the preservation andsustainable management of the nation’s natural resources.

Progressive Thrust

An impetus or drive towards reform and improvements in societal, political, or economic issues aiming for progress.