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Find the need to convert whole-life insurance policy

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Reference no: EM131628956

Question: 1. Find the monthly premium of a $450,000 universal-life insurance policy purchased by a 25-year-old female, who gets the preferred rate

2. At 30 years old, Jaime Dawson finds the need to convert his whole-life insurance policy of $500,000 to extended term coverage with the same face value. Use 10-year level term rates to estimate the number of years of extended term coverage his cash value of $1,095 will provide using a non-tobacco rate.

Reference no: EM131628956

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