Question

Tom Hornet purchases $7,000 of ten-year term life. He is 31 years old


What is his annual premium?

What is his quarterly premium?


The difference between the two payment options?

(Remember to compare annual premium to annual premium!) :

Answer 1

The annual premium is 5.07 x 7 = 35.49
The quarterly premium is 35.49 x .26 = 9.23
And the difference between the two payment options is 1.43
(Use the table in the question, it has all the information you need).

Answer 2

Answer:I can confirm 35.49, 9.23, 1.43

Step-by-step explanation: