Question

jeremy is 29 years old and in good health. what is the annual premium for the cheapest policy having a $90,000 face value that jeremy can buy?

Answer 1

Jeremy wants a whole life insurance policy with a face value of $90,000/
 We have to find the annual premium, to the nearest dollar, he will pay for a policy with an annual premium of $16.91 per $1000 of face value.

90000/1000=90
(16.91)(90)=$1521.90/year

Answer 2

There are several information's already given in the question. Based on those information's, the answer to the question can be easily deduced.
Age of Jeremy = 29 years
Face value of policy = $90000
Annual premium payable =$16.91 per $1000 of the face value.
Then
90000/1000 = 90
Then
Annual premium payable = 16.91 * 90
                                         = 1521.90 dollars
I hope the procedure is clear enough for you to understand.