Note: Please make sure to properly format your answers. All dollar figures in the answers need to include the dollar sign and any amount over 1,000 should include the
comma ($2,354.67). All percentage values in the answers need to include a percentage
sign (9%). For all items without specific rounding instructions, round your answers to
two decimal places, show both decimal places (5.06).
Premiums for the Sun-Belt Insurance Company are given in the table. Find the annual premiums for the following $250,000 Sun-Belt life Insurance policies.
Sun-Belt Life Insurance Company Term Life
Premiums
Monthly Premiums for $250,000 Coverage
Age
Male
Female
10 year
20 year 10 year
20 year
20
$26
$35
$22
$32
30
$36
$46
$33
$45
40
$51
$67
$48
$60
50
$98
$111
$95
$x
a. A 10-year life insurance policy purchased by a 30-year-old male.
b. A 20-year term policy for a 40-year-old female.
c. A 10-year term life insurance policy for a 40-year-old male.
d. A 20-year term life Insurance policy for a 50-year-old female.
