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Who gets a preferred rate

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Reference no: EM131628730

Question: Byron Johnson, who gets a preferred rate, started a wholelife insurance policy for $500,000 when he was 38 years old. At age 60, the policy has a cash value of $13,208 and Bryon plans to convert the policy to extended term for the same face value. Use 10-year level term rates to estimate the number of years of extended coverage he will have.

Reference no: EM131628730

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