10-3 and 10-4 Life Insurance

Use the table to find the premium for a 5-year term policy. Make sure to use a $ and put the cents in your answer. Ex: $85.55. Bridget (female) is 18 years old and is purchasing a $30,000 life insurance policy.

Use the table to find the premium for a 5-year term policy. Make sure to use a $ and put the cents in your answer. Ex: $85.55. Mike (male) is 45 years old and is purchasing a $60,000 life insurance policy.

Gloria Carver is 20 years old and wants to purchase a $10,000, 5 year term life insurance policy. What number of units are purchased? What is the annual premium per $1,000 (found in the table)? And what is the TOTAL Annual Premium?

• 10 ; $1.91 ; $19.10

• 20 ; $1.91 ; $38.20

• 1 ; $2.70 ; $2.70

John O'Neill is 45 years old and wants to purchase a $20,000, 5 year term life insurance policy. What number of units are purchased? What is the annual premium per $1,000 (found in the table)? And what is the TOTAL Annual Premium?

• 20 ; $6.36 ; $120.00

• 20 ; $8.86 ; $177.20

• 200 ; $6.36 ; $120.90

Kate Owens is 35 years old and wants to purchase a $25,000, 5 year term life insurance policy. What number of units are purchased? What is the annual premium per $1,000 (found in the table)? And what is the TOTAL Annual Premium?

• 25 ; $2.99 ; $74.75

• 25 ; $2.99 ; $75.00

• 25 ; $3.83 ; $95.75

Dale Payne is 30 years old and wants to purchase a $200,000, 5 year term life insurance policy. What number of units are purchased? What is the annual premium per $1,000 (found in the table)? And what is the TOTAL Annual Premium?

• 20 ; $2.26 ; $45.20

• 20 ; $3.20 ; $64.00

• 200 ; $3.20 ; $640.00

Use the table to find the premium for a 5-year term policy. Make sure to use a $ and put the cents in your answer. Ex: $85.55. Phil Davis (male) is 30 years old and is purchasing a $75,000 life insurance policy.

Use the table to find the premium for a 5-year term policy. Make sure to use a $ and put the cents in your answer. Ex: $85.55. Stephania Bell (female) is 45 years old and is purchasing a $120,000 life insurance policy.

John is a 30 year old male who wants to buy a $70,000 WHOLE life insurance policy. What is the annual premium?

Sarah is a 40 year old female who wants to buy a $90,000 PAID-UP-AT-AGE-65 life insurance policy. What is the annual premium?