Hillary pays $9.25 of her monthly life insurance, and her employer covers the rest. if her monthly premium is #$36.50, what is the annual value to Hillary of this benefit?

Answer 1

12 times the company's monthly contribution, right?
12(36.50 - 9.25) = 327.00

Answer 2

I got 438.00

Answer 3

The value of the benefit is what the company chips in, right? She has to pay some of it herself, so that part is not a benefit, but an expense.