Ask Question
8 May, 09:19

Michael has a life insurance premium of $400 a year on a term life insurance policy for a 40-year term with $150,000 of coverage. How does the total cost of the premiums over 40 years compare to the coverage?

+2
Answers (1)
  1. 8 May, 11:26
    0
    The cost of the premium - $16,000 (40 x $400)

    The cost of coverage - $150,000

    The cost of the coverage is more
Know the Answer?
Not Sure About the Answer?
Get an answer to your question ✅ “Michael has a life insurance premium of $400 a year on a term life insurance policy for a 40-year term with $150,000 of coverage. How does ...” in 📙 Mathematics if there is no answer or all answers are wrong, use a search bar and try to find the answer among similar questions.
Search for Other Answers