Mateo, a 31-year-old nonsmoker, wants to purchase $100,000 in coverage for himself and $75,000 for his spouse, who is female, 30 years old, and does not smoke. What will the insurance premium be?

Question

A.
$30.50

B.
$32.50

C.
$35.50

D.
$36.00

Answer 1

We need to know the type of insurance policy and the length of the term to accurately calculate the premium. Without this information, we cannot answer the question.