20
QuizMultiple Choice

Life Insurance

Question 20 • LVA - Mathematical Modeling - Spring

The following table gives annual life insurance premiums per $1,000 of face value. Use the table to determine the annual premium for a $75,000 10-year term policy for a 25-year-old male. Round your answer to the nearest cent.

Question illustration
Answer
A
$363.75
B
$207.75
C
$183.75
D
$338.25
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