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15. How much less would a 25 year old male pay for a $50,000 policy of 20 y life insurance @ $5.84 per $1000, than a straight life policy @ $15.66 per $1000? (Points : 1)
$783
$491
$292
$415

Respuesta :

Varkrow
The man would pay $491 less for a policy of 20 year life insurance than a straight life policy. So, the answer is the second one.

Answer: Second option is correct.

Step-by-step explanation:

Since we have given that

Amount for policy = $50,000

If he opt for life insurance @$5.84 per $1000,

then, his amount of premium will be

[tex]50000\times \frac{5.84}{1000}=\$292[/tex]

If he opt for straight policy @ $15.66 per $1000,

then, his amount of premium will be

[tex]50000\times \frac{15.66}{1000}=\$783[/tex]

Difference in both the cases will be

[tex]783-292=\$491[/tex]

Hence, Second option is correct.

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