Question

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

Answer 1

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.

Answer 2

So ??

Answer 3

What is it?