Using the following information, write the word, phrase, or
value that best answers the problem.
-An individual who has just reached thei birthday wants to purchase a one-year term life-insurance policy that would pay $50,000 in the event of their death before the age of 60. What is the minimum amount that an insurance company must charge for this policy, assuming that this minimum amount would result in no gain or loss for the insurance company issuing many policies under the same circumstances?

Question

Using the following information, write the word, phrase, or
value that best answers the problem.
-An individual who has just reached thei  birthday wants to purchase a one-year term life-insurance policy that would pay $50,000 in the event of their death before the age of 60. What is the minimum amount that an insurance company must charge for this policy, assuming that this minimum amount would result in no gain or loss for the insurance company issuing many policies under the same circumstances?

Quizplus · Accepted Answer

The Answer is $482.77

Using the Following Information, Write the Word, Phrase, or