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Henry, a 41-year-old male, bought a $100,000, 10-year life insurance policy through his employer. Henry is paid biweekly. what is his annual life insurance premium?
A)$455
B)$578
C)$1033
D)$1368

Henry a 41yearold male bought a 100000 10year life insurance policy through his employer Henry is paid biweekly what is his annual life insurance premium A455 B class=

Respuesta :

MrRamon
B)$578
The premium for a male age 41 for ten-year policy is 5.78 per 1000 of coverage.  100000/1000 = 100
100 times 5.78 = 578 annual premium.

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