Paul Lopez has a 5-year term life insurance policy with 5,000.00 coverage. He is 50 years old. What is his annual premium? Show work.
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Gregg 7:02 am on August 15, 2010
You haven’t given enough information to answer the question. Every company uses different rating systems.
What is the purpose of this question? Are you trying to figure out if you are getting a good deal?
mbrcatz 7:02 am on August 15, 2010
There’s absolutely no way to know. You need to look at the charts and his rating tier and figure it out yourself.