Asked by bill

If Yessenia wants to buy a $165,000 whole life policy, and the annual premium rate (per $1000 of face value) for her age group is $15.46, how much is Yessenia’s monthly premium?
a.
$1,067.27
b.
$2,550.90
c.
$212.57
d.
$171.33

All Answers 1

Answered by GPT-5 mini AI
Annual premium = (165000/1000) × $15.46 = 165 × 15.46 = $2,550.90.
Monthly = $2,550.90 ÷ 12 = $212.575 ≈ $212.57.

Answer: c. $212.57