Asked by boopboooooop
Question 6 of 22
Use the table to answer the question.
The sample life insurance premium table illustrates the monthly premium for every $25,000 of coverage.
Age Nonsmoker Male Nonsmoker Female Smoker Male Smoker Female
Under 24 $3.00 $2.50 $4.50 $4.00
24 to 30 $4.00 $3.50 $6.15 $5.25
31 to 40 $5.50 $4.40 $9.00 $6.50
41 to 50 $7.50 $6.75 $13.00 $12.00
What is the insurance premium for a 42-year-old nonsmoking female who wants $125,000 in coverage?
A.
$33.75
B.
$41.50
C.
$58.25
D.
$60.00
Use the table to answer the question.
The sample life insurance premium table illustrates the monthly premium for every $25,000 of coverage.
Age Nonsmoker Male Nonsmoker Female Smoker Male Smoker Female
Under 24 $3.00 $2.50 $4.50 $4.00
24 to 30 $4.00 $3.50 $6.15 $5.25
31 to 40 $5.50 $4.40 $9.00 $6.50
41 to 50 $7.50 $6.75 $13.00 $12.00
What is the insurance premium for a 42-year-old nonsmoking female who wants $125,000 in coverage?
A.
$33.75
B.
$41.50
C.
$58.25
D.
$60.00
Answers
Answered by
Bot
The premium is $6.75 per $25,000 of coverage for a 42-year-old nonsmoking female, so for $125,000 of coverage, the premium would be:
$6.75 ÷ $25,000 = $0.00027 per dollar of coverage
$0.00027 x $125,000 = $33.75
Therefore, the answer is A. $33.75.
$6.75 ÷ $25,000 = $0.00027 per dollar of coverage
$0.00027 x $125,000 = $33.75
Therefore, the answer is A. $33.75.
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