Answer: $30.25
Step-by-step explanation:
Amount of insurance policy bought = $115,000
Number of years for the life insurance = 20 years.
From the chart, the Annual premium per $1000 of coverage for 20 years for a male of 40-44 years is $13.68. Therefore, the annual premium will be:
= (115,000 / 1,000) × $13.68
= 115 × $13.68 =
= $1,573.20
Note that 52 weeks make a year. Therefore, the weekly deductions will be:
= $1,573.20 / 52
= $30.25
Therefore, the correct option is D.
