Lamar, age 43, wants to pay no more than $1,000 a year in life insurance. If the annual life insurance premium rate (per $1000 o
f face value) is $12.59, what is the largest whole life policy he can buy without spending more than $1,000 annually? a. $12,590 b. $341,540 c. $541,370 d. $79,000
