Term insurance Assignment I
Annual Premiums per $1,000
of Life Insurance: 5-Year Term*
Age Male Female
18-30 $ 3.21 $ 2.77
35
$ 3.51 $ 2.98
40
$ 4.25 $ 3.47
45 $ 5.42 $ 4.60
50
$ 7.59 $ 6.27
55
$11.45 $ 8.58
60 $17.19 $12.62
Phil Davis is purchasing a $65,000, 5 year term insurance policy. He is 45 years
old. What is his annual premium?