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A term life policy was offered to your spouse for $3.49 per $1,000.00. You want him to have $100,000.00 coverage, what is the premium per year?

Respuesta :

calculista

Answer:

The premium is $349 per year

Step-by-step explanation:

We can easily solve this problem by applying a rule of three

$3.49     ----------------------------------------   $1000 coverage

x            ----------------------------------------   $100,000 coverage

By using this relation, we can find how much money is needed to pay

x =  ($100,000/$1000)*$3.49

x =  (100)*$3.49

x =  $349

The premium is $349 per year

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