What would be the premium for a 48 year old female for a straight life, $220,000 policy?

Solution:

A 48 year old female for a straight life, $220,000 policy

In the female column the premium per $1000

So for a 48 year old female the straight life policy = $31.90 per $1000

The premium $1000 policy value = $31.90

The premium $1 policy value = $0.03190

So for $220,000 policy value = 0.03190 × 220000 

= $7018.00

Therefore, the premium is $ 7018.

What would be the premium for a 48 year old female for a straight life, $220,000 policy?

Summary:

The premium for a 48 year old female for a straight life, $220,000 policy is $ 7018.