Question

Peter and Marcia, both age 34, can each pay $650 a year each on life insurance for themselves. About how much is the face value of the largest combination of policies they can buy? a. $1,945,000 b. $972,000 c. $789,000 d. $806,000 Please select the best answer from the choices provided A B C D

Answer 1

Answer:

B

Explanation:

Usually a life insurance policy stipulates that when th insured dies, the beneficiaries can file a claim to receive the life insurance money called the face value.

This face value is determine by certain factors like age, total coverage, medical history, gender, lifestyle, and job of the insured.