You want this policy to last until what would be your normal retirement age of 65. You're 35 years old now, and you want to purchase life insurance which will cover your spouse for your lost income in the event of your death. If the annual life insurance premium rate (per $1000 of face value) is $12.59, what is the largest whole life policy he can buy without spending more than $1,000 annually? - D. Lamar, age 43, wants to pay no more than $1,000 a year in life insurance. If Yessenia wants to buy a $165,000 whole life policy, and the annual premium rate (per $1000 of face value) for her age group is $15.46, how much is Yessenia's monthly premium? - C. How much can Joe and Melinda expect to pay in premiums the first year? - B. Joe would like a 15-year term policy and Melinda would like a 20-year term policy. After getting married, Joe, 32, and Melinda, 29, decide to take out life insurance policies.
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