Jack started a whole-life insurance policy for $65,000 when he was 23 years old. At age 50, the poli

Jack started a whole-life insurance policy for $65,000 when he was 23 years old. At age 50, the policy has a cash value of $5010 and he 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 he has using a non-tobacco rate. Round to the nearest hundredth when necessary.

Post Merge: 6 years ago

Jack started a whole-life insurance policy for $65,000 when he was 23 years old. At age 50, the policy has a cash value of $5010 and he 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 he has using a non-tobacco rate. Round to the nearest hundredth when necessary.