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Author Question: Lilia Lopez purchased a 50,000 whole life insurance policy when she was 20 years old. She is now 35 ... (Read 526 times)

silviawilliams41

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on: Jun 24, 2018
Lilia Lopez purchased a 50,000 whole life insurance policy when she was 20 years old. She is now 35 years old and wishes to investigate her nonforfeiture options. As her insurance agent, use Table 19-3 from your text to determine: a. Option 1 b. Option 2 c. Option 3

Question 2

Jane receives a regular pay rate of 9.50 per hour. She receives overtime pay for any hours over 40 per week.  Jane worked the following hours:  Monday - 8 hours  Tuesday - 9.5 hours  Wednesday - 8.25 hours  Thursday - 8.25 hours  Friday - 8 hours  Saturday - 6 hours  Based on the information, only Jane's Saturday hours count as overtime. She receives 42 hours of regular pay and 6 hours of overtime.  Her gross pay is 480.50.
  Indicate whether the statement is true or false


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memslove

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Reply #1 on: Jun 24, 2018
Answer to Question 1

a. 7,850 cash value
b. 15,700 paid-up insurance
c. 21 years, 218 days - Extended term

Answer to Question 2

FALSE


silviawilliams41

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Reply #2 on: Jun 24, 2018
Thank you


memslove

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Reply #3 on: Jun 24, 2018
No problemo


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