Question

Daniel, a 37-year-old male, bought a $160,000, 10-year life insurance policy.

What is Daniel’s annual premium? Use the table.
(table in attachment)

$611.20
$728.00
$1268.80
$1652.80

Answer 1

Daniel is a 37 year old male so we're looking at Male 35-39 in table. He's bought 10-year so look down 10-year column to find $4.55. He's bought $160,000 worth of cover, not $1,000. So we need to multiply $4.55 by 160. Does this make sense?