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Help for this math question!?

Term Life Insurance & Whole Life Insurance Discussion

Help for this math question!?

Postby knoton » Thu Aug 02, 2012 11:36 pm

How to find life insurance.

Use the information below to determine the premium for 10 year term insurance.
Age=35,10 year term = 6.11

$10,000 policy for a 35 year old male.
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Joined: Thu Mar 31, 2011 6:06 pm

Help for this math question!?

Postby vontell5 » Thu Aug 02, 2012 11:47 pm

Usually, premiums for life insurance are per $1,000. coverage, so in this case, the premium would be $61.10 ( monthly,semi-annually,quaterly or yearly).
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