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Define the term insurance with the same face value

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Reference no: EM131628965

Question: Tancia Brown is 55 years old, has a non-tobacco rate, and is converting her $450,000 whole-life insurance policy to extended term insurance with the same face value. Use 10-year level term rates to estimate the number of years of coverage her cash value of $13,826 will buy.

Reference no: EM131628965

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