Question

HELP PLEASE

Answer 1

Answer:

1) Option B-  $728

2) Kara's annual premium is $62.5.

Step-by-step explanation:

1) Given : Daniel, a 37-year-old male, bought a $160,000, 10-year life insurance policy.

To find : What is Daniel's annual premium?

Solution :

In the table given,

Annual premium is per $1000 of coverage.

Daniel's life insurance policy buy is $160,000  

Annual premium per $1000 coverage Daniel buy at $160

37 year old male 10 year cost is $4.55

(marked in the attached table below)

Daniel's annual premium is $4.55\times 160$

$=\frac{455}{100}\times 160$

$=728$

Daniel's annual premium is $728

Therefore, Option B is correct.

2) Given : Kara, a 25-year-old female, bought a $50,000, 10-year life insurance policy through her employer. Kara is paid semimonthly.

To find : How much is deducted from each of her paychecks for life insurance?

Solution :

In the table given,

Annual premium is per $1000 of coverage.

Kara's life insurance policy buy is $50,000  

Annual premium per $1000 coverage Kara buy at $50

25 year old female 10 year cost is $2.50

(marked in the attached table below)

Kara is paid semimonthly

So, cost is$\frac{2.50}{2}=1.25$

Kara's annual premium is $1.25\times 50$

$=\frac{1.25}{100}\times 50$

$=62.5$

Kara's annual premium is $62.5.

Answer 2

The answer to you question is B for number 1 and for 2 it is C. Hope this helps