Answer:
The premium of $220,000 policy is $7,018.00
B is correct.
Step-by-step explanation:
A 48 year old female take policy of $220,000 for a straight life.
We are given a table for premium.
We will see the female column of 48 year for straight life.
Table shows the premium per $1000
For 48 year old female straight life policy = $31.90 per $1000
Premium for $1000 policy value = $31.90
Premium for $1 policy value = $0.03190
Premium for $220,000 policy value = $0.03190 x 220000
= $7,018.00
Hence, The premium of $220,000 policy is $7,018.00
