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Simon templeton takes out $30,000 of a ten-year term life insurance when he is forty-five years old.
a. annual premium
b. quarterly premium

Respuesta :

trademarkriverside

Explanation:

A. annual premium $334.80

B. quarterly premium $87.05

Tundexi

The annual premium on the term life policy equals $334.80 and the quarterly premium equals the $87.05.

What is a term life insurance?

This is a life insurance policy that covers the assured for a limited period of time. i.e. 5 years, 10 years etc.

Based on the calculation given, the annual premium on the term life policy equals $334.80 and the quarterly premium equals the $87.05.

Read more about term life insurance

brainly.com/question/1898733

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