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Correct answer gets MEDAL! How much less would a 25 year old male pay for a $50,000 policy of 20 year life insurance @ $4.84 per $1000, than a straight life policy @ $14.66 per $1000? $491 $292 $425 $790
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For the 20 yr policy, you pay $4.84 for each $1000 covered. For the life policy, you pay $14.66 for each $1000 covered. The insurance will cover $50,000. So for both policies, you will be covering $1000 x 50. Find the price of both policies and subtract.
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