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Author Question: Byron Trenton wants to purchase a life insurance policy worth 200,000. His insurance agent quoted ... (Read 201 times)

bobbie

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on: Jun 24, 2018
Byron Trenton wants to purchase a life insurance policy worth 200,000. His insurance agent quoted his monthly premiums at 57.50 per month. What is the cost of the insurance per 1,000?

Question 2

What is the amount of annual premium due for a 1,500,000 term life insurance policy quoted at 4.60 per 1,000?


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sierrahalpin

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

3.45; 57.50  12 = 690;

Answer to Question 2

6,900;


bobbie

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Reply 2 on: Jun 24, 2018
YES! Correct, THANKS for helping me on my review

mammy1697

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Reply 3 on: Yesterday
Excellent

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