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Find out the non-tobacco rate

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Reference no: EM131628801

Question: Cindy Franklin started a whole-life insurance policy for $250,000 when she was 23 years old. At age 50, the policy has a cash value of $12,606 and Cindy converts the policy to extended term insurance for the same face value. Use 20-year level term rates to estimate the number of years of extended term insurance she has using a non-tobacco rate.

Reference no: EM131628801

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