Because Bernard has some health issues, he must pay 15% more for life insurance. About how much more annually will a $115,000 10
2 answers:
From the given table, the annual premium rate as a percentage of value insured a person at age 35 has to pay is 0.14%.
- The amount more annually a $115,000 10-year term insurance at age 35 cost Bernard than someone of the same age without health issues is option d. <u>$24</u>
Reasons:
The data in the table are presented as follows;
From the above table, we have that the amount a 35 year old without health issues will pay per $1,000 is $1.40
Therefore, the amount to be paid for $115,000 is 115 × $1.4 = $161
The amount Bernard pays = 15% more = 1.15 × $161 = $185.15
Therefore;
The amount more Bernard has to pay = $185.15 - $161 = $24.15 ≈ <u>$24</u>
Learn more about insurance premiums here:
You might be interested in
A triangle is a three-edged polygon with three vertices. It is a fundamental form in geometry. The correct option is A.
<h3>What is a triangle?</h3>A triangle is a three-edged polygon with three vertices. It is a fundamental form in geometry. The sum of all the angles of a triangle is always equal to 180°.
The length of different sides are:
Since the length of all the sides of the triangle is not equal it is a scalene triangle.
Hence, the correct option is A.
Learn more about Triangle:
#SPJ1