Henry, a 41-year-old male, bought a $100,000, 10-year life insurance policy through his employer. Henry is paid biweekly. what i

Question

Arlecino [84]

4 years ago

14

Henry, a 41-year-old male, bought a $100,000, 10-year life insurance policy through his employer. Henry is paid biweekly. what i

s his annual life insurance premium?
A)$455
B)$578
C)$1033
D)$1368

Mathematics

1 answer:

iren2701 [21] · Answer 1 · 2022-01-13T20:24:57+03:00

iren2701 [21]4 years ago

8 0

<span>B)$578
The premium for a male age 41 for ten-year policy is 5.78 per 1000 of coverage. 100000/1000 = 100
100 times 5.78 = 578 annual premium.</span>