8
QuizMultiple Choice

Life Insurance

Question 8 • Financial Math - MA2007

Lamar, age 43, wants to pay no more than $1,000 a year in life insurance. If the annual life insurance premium rate (per $1000 of face value) is $12.59, what is the largest whole life policy he can buy without spending more than $1,000 annually?a.$12,590 b.$341,540 c.$541,370 d.$79,000

Answer
A
A
B
B
C
C
D
D
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