Answer:
The insurance premium for a 42-year old nonsmoking female who wants $125,000 in coverage is $33.75. The right answer is a.
Step-by-step explanation:
In order to calculate the insurance premium for a 42-year old nonsmoking female who wants $125,000 in coverage we would have to use the following formula:
insurance premium= (coverage amount/monthly premiun amount)*$6.75
Therefore, insurance premium= ($125,000/$25,000)×$6.75
insurance premium= $33.75
The insurance premium for a 42-year old nonsmoking female who wants $125,000 in coverage is $33.75