Viper8028
Viper8028 Viper8028
  • 02-11-2017
  • Mathematics
contestada

The life insurance premium for a 30-year-old male, $320000 straight life policy is ___

The life insurance premium for a 30yearold male 320000 straight life policy is class=

Respuesta :

RenatoMattice RenatoMattice
  • 26-11-2018

Answer: He will get $6073.6 as life insurance premium.

Explanation:

Since we have given that

there is a 30-year old male,

Amount = $320,000

Straight life policy which is given by $18.98 per $1000.

Since our amount is $320,000, so life insurance premium will be

[tex]320000\times \frac{18.98}{1000}\\\\=320\times 18.98\\\\=\$6073.6[/tex]

Hence , he will get $6073.6 as life insurance premium.

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