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Estimate number of years extended term insurance will last

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Reference no: EM131628732

Question: Juanna Makhloufi started a whole-life insurance policy for $300,000 when she was 20 years old. At age 50, the policy has a cash value of $19,340 and Juanna decides to convert the policy to extended term for the same face value. Using 20-year level term non-tobacco rates, estimate the number of years her extended term insurance will last.

Reference no: EM131628732

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