Question

Please Help, 35 Points And Brainliest...
Stefan, a 36-year-old male, bought a $150,000, 10-year life insurance policy from Fly-by-Night Life Insurance through his employer. Stefan paid weekly.
What is Stefan’s annual premium?
Explain how you found your answer and show all work

Answer 1

A 36 year old male will pay $4.55 per $1,000 for a 10 year policy,

He bought a $150,000 policy:

150,000 / 1000 = 150

Multiply the rate per 1000 by 150:

4.55 x 150 = 682.50

His annual premium is $682.50

Answer 2

Answer:

His annual premium is $682.50

Step-by-step explanation: