Find the indicated premium. Round to the nearest cent.
-Find the total premium paid over 30 years for a universal life policy with a face value of $35,000. Assume the policy is taken out by a 25-year-old man.

Question

Find the indicated premium. Round to the nearest cent. 
-Find the total premium paid over 30 years for a universal life policy with a face value of $35,000. Assume the policy is taken out by a 25-year-old man.

Quizplus · Accepted Answer

The total premium paid over 30 years for a universal life policy can vary based on several factors including the cost of insurance, administrative fees, and the interest credited to the cash value. Without specific details on these factors, it's not possible to accurately calculate the total premium paid. However, given the choices provided, the correct answer is selected based on the information available in the question, which may be hypothetical or based on a specific example scenario provided in the source material.

Find the Indicated Premium