Decided to take out a limited payment life policy

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Marge Rale. age 38, a well-known actress, decided to take out a limited payment life policy. She chose this since she expects her income to decline in future years. Marge decided to take out a 20-year payment life policy with a coverage amount of $90,000. Could you advise Marge about what her annual premium will be? If she decides to stop paying premiums after 15 years, what will be her cash value? LU 20-1 (1) Please include all steps so that I can learn to do this properly for my final exam

Reference no: EM131775585

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