Question

50 POINTS!!!! NEED HELP!!! 2 QUESTIONS!!!! please answer correctly. i begging u

♦Dawson, a 42-year-old male, bought a $180,000, 20-year life insurance policy. What is Dawson's annual premium? Use the table.

♦Rachel, a 45-year-old female, bought a $120,000, a 20-year life insurance policy through her employer. Rachel is paid biweekly. How much is deducted from each of her paychecks for life insurance? Use the Table.

Answer 1

Dawson's annual premium will be $2,462.40. This can be found by going across from "Male 40-44" over to "20-year coverage" which is $13.68. Since $13.68 is per $1000 of coverage, you would multiply it by 180 to get $2,462.40.

Rachel's checks I believe would have a deduction of $63.14.

Answer 2

♦Dawson, a 42-year-old male, bought a $180,000, 20-year life insurance policy. What is Dawson's annual premium? Use the table.

Dawson is 42, with a 20 year premium coverage, which will amount to $13.68 per $1000. Multiply $13.68 with 180 (because there are 180 $10,000)

13.68 x 180 = $2462.40

annual premium = $2462.40

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To solve the next one, Rachel bought a 20 year life insurance, which amounts to $17.56 per $1000

$63.14 is your answer

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hope this helps