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:

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