subject
SAT, 02.10.2021 17:20 shri1301

Eva is 29 years old and has 2 children, ages 3 and 5. She makes $48,500 a year. Eva decides to buy a $400,000 10-year term policy and then renew the policy for another ten years afterwards. To renew the policy the insurance company charges an extra 40% to her premium rate. Given the options below, assess whether Eva made a wise decision. Annual life insurance premium (per 1,000 dollars of face value) for age 29. A 20-year term for male is 7 dollars and 84 cents, and for female is 6 dollars and 62 cents. 20-year term: for male is 10 dollars and 40 cents, female is 9 dollars and 4 cents. Whole life: male is 20 dollars and 5 cents and female is 18 dollars and 63 cents. a. Eva would have been better off selecting the 20-year term policy. b. Even with the extra charge for renewal, Eva’s plan is the least expensive. c. Given that Eva plans to renew, she should have selected the whole life policy. d. Eva ends up paying the same amount for each policy.

ansver
Answers: 1

Another question on SAT

question
SAT, 25.06.2019 13:00
Which of the following is a presentation cue? a. crossing your arms b. mumbling c. repeating words d. whistling
Answers: 2
question
SAT, 25.06.2019 22:00
Afarmer began a new method of reducing grain spills. this reduced the number of mice on the farm. the number of snakes in the surrounding area decreased at the same time. the snakes depended on the mice that lived in the field. what’s the likely reason the snake population decreased? a. the number of snake predators increased. b. the number of mice increased. c. the number of mice decreased. d. the pesticides affected the snakes. e. a new breed of mice moved into the field.
Answers: 1
question
SAT, 28.06.2019 02:30
Give 2 examples of the sedimentation in the deep ocean?
Answers: 2
question
SAT, 29.06.2019 06:00
True or false jupiter’s large size causes it to complete rotations more slowly than the other planets.
Answers: 1
You know the right answer?
Eva is 29 years old and has 2 children, ages 3 and 5. She makes $48,500 a year. Eva decides to buy a...
Questions
question
Mathematics, 12.02.2021 14:00
question
Chemistry, 12.02.2021 14:00
question
Mathematics, 12.02.2021 14:00