Question

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George Anderson takes out $30,000 of a twenty-payment life insurance. If he is thirty-six years old, what annual premium does he pay?
555.60
824.40
846.90
1,320

Answer 1

can you help @welshfella

Answer 2

@ganeshie8

Answer 3

okay thanks i did !

Answer 4

read it off the table 20-payment , age 36, per $1000
- what do you get?

Answer 5

* 20-payment life

Answer 6

- then multiply that amount by 30 ( for 30,000)

Answer 7

846.900?

Answer 8

correct

Answer 9

28.23 * 30

Answer 10

thanks

Answer 11

Tom Harris, a young father, is twenty-four years old. He wishes to purchase $7,000 of a ten-year term insurance. What will be his annual premium?

Answer 12

can you help me on this one too its the same graph

Answer 13

Tom Harris, a young father, is twenty-four years old. He wishes to purchase $7,000 of a ten-year term insurance. What will be his annual premium?

Answer 14

what do you read off the graph ?

Answer 15

10-term insures 24 years old and 7,000 o the the graph i see 4.15 for 10 years term

Answer 16

4 .15 is for $1000
but he wants $7000

Answer 17

so do i multiply 4.15 *7

Answer 18

yep

Answer 19

ohh okay okay so the answer is 29.05

Answer 20

?

Answer 21

right