8
QuizMultiple Choice

Life Insurance

Question 8 • Financial Math - MA2007

Joshua is 25 years old and has a high risk job making $72,000 a year. The insurance company charges him an extra 20% on top of his premium rate because of his job. If Joshua wants a policy that will replace five years of his salary, what is the annual premium for the cheapest policy?

Question illustration
Answer
A
$1,107
B
$1,328
C
$5,537
D
$6,644
Previous
Next