ZuoTi.Pro
Question

A man is 35 and needs $300,000 in coverage. He opts for a whole life policy since it will also accumulate cash and force him


Lumele i Life Insurance Annual Premium Rates Table Annual Premium Rates* Per $1000 of Life Insurance 10-Year level Premium Te
business   accounting   
0 0
Add a comment Improve this question Transcribed image text
Next > < Previous
Sort answers by oldest

Homework Answers

Answer #1

For whole life policy at the age of 35, annual premium rate per $1000 if coverage is 7.68 Therefore for $300000 cooverage, pr

0 0
Add a comment
Know the answer?
Add Answer to:
A man is 35 and needs $300,000 in coverage. He opts for a whole life policy...
Your Answer:

Post as a guest

Your Name:

What's your source?

Earn Coins

Coins can be redeemed for fabulous gifts.

Log In

Sign Up

Not the answer you're looking for? Ask your own homework help question. Our experts will answer your question WITHIN MINUTES for Free.
Similar Homework Help Questions

  • 104 Life Insurance-Term and Other The main purpose of life insurance is to provide financial protection...

    104 Life Insurance-Term and Other The main purpose of life insurance is to provide financial protection for your dependents in case of your death. You may purchase term life insurance, whole life insurance, limited payment life insurance, of endowment life insurance. ANNUAL PREMIUM - NUMBER OF UNITS PURCHASED X PREMIUM PER $1000 Use the tables below to answer the problems. ANNUAL PREMIUM PER $1000 OF LIFE INSURANCE: 5-YR TERM Age 18 20 25 30 35 45 55 65 Male $...

  • Susan is a 42-year-old lawyer who has taken out a universal life insurance policy to protect...

    Susan is a 42-year-old lawyer who has taken out a universal life insurance policy to protect her two children (ages 13 and 10) in the event of her death. Each year, Susan chooses how much she would like to contribute to the policy, as shown by the first row of the table below. The insurance company subtracts from this an administrative fee along with the cost of the death benefit (the into the cash value (or pure insurance portion of...

  • What are the quarterly payments on a $100,000 universal life insurance policy for a 30 year...

    What are the quarterly payments on a $100,000 universal life insurance policy for a 30 year old female with a preferred rate? Data Table Table 2 Premium Rates for Periods Less Period Percent of Annual Period Premium Semiannually 51.00 Quarterly 26.00 Monthly 8.75 Estimated Annual Life Insurance Premium Rates per $1,000 of Face Value 10-Year Level Term 20-Year Level Term Age Male Female Age Male Female PREF NIT PREF NTT PREF NTT PREF NTT 20 0.87 1.272.28 0.75 1.10 1.88...

  • Question 1 BWS Corporation pays the premiums on an $80,000 group-term life insurance policy on the...

    Question 1 BWS Corporation pays the premiums on an $80,000 group-term life insurance policy on the life of its 45-year-old vice-president, Warren. The annual cost per $1,000 of coverage for a person aged 45 to 49 is $1.80. If Warren has paid $25 toward the cost of the insurance, what is the cost of hte policy includible in Warren's gross income? 1) $278.00 2) $144.00 3) $54.00 4) $29.00 5) $0 Question 2 During 2019, Edward East had wages of...

ADVERTISEMENT
Free Homework Help App
Download From Google Play
Scan Your Homework
to Get Instant Free Answers
Need Online Homework Help?
Ask a Question
Get Answers For Free
Most questions answered within 3 hours.
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT