Wendy, a 32 year old female, bought a $130,000, 10-year life insurance policy. what is wendys annual premium? Use the table
2 answers:
Answer:
Option A- $422.5
Step-by-step explanation:
Given : Wendy, a 32 year old female, bought a $130,000, 10-year life insurance policy.
To find : What is Wendy annual premium?
Solution :
In the table given,
Annual premium is per $1000 of coverage.
Wendy life insurance policy buy is $130,000
Annual premium per $1000 coverage Wendy buy at $130
From the table, (marked in the attached table below)
32 year old female 10 year cost is $3.25
Wendy's annual premium is
Wendy's annual premium is $422.5
Therefore, Option A is correct.
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