| Year 17, age 76 | |
| Balance plus interest | $53,278 × 1.09 = $58,073 |
| Premiums | 12 × $119 × .85 × (.7242 + (1 − .7242) × .5376) = $1,059 |
| Annuity | 12 × $750 × (.7242 + (1 − .7242) × .5376) = <$7,852> |
| Nursing home benefits | $9,200 × .0577 × (.7242 + .5376) = <$670)> |
| Home health care benefits | $1,230 × .0866 × (.7242 + .5376) = <$134> |
| Death benefits | $8,708 × (.0209) = <$182> |
| Balance at year end | $50,294 |
Official websites use .gov
A
.gov website belongs to an official
government organization in the United States.
Secure .gov websites use HTTPS
A lock (
) or https:// means you've safely
connected to the .gov website. Share sensitive
information only on official, secure websites.