Determine the term life insurance amount per thousand on a 20-year-old male for a 10-year policy given that the face value of the policy is $65,000 and the annual premium is $291.85.

a.

$0.00449

c.

$0.2227

b.

$4.49

d.

$222.72

Hi there

First find how many thousands on the amount of the face value

You do that by dividing the amount of the face value by 1000

65,000:1,000=65

So the term life insurance amount per thousand is

291.85:65=4.49 ... answer

Good luck!