1)Kerri Payne is employed by Caterer's Central. She has a family membership in the health insurance program. The annual premium is $6,486. Kerri's employer pays 80% of the total cost. Her contribution is deducted from her paycheck. What is Kerri's annual contribution?

2) Carla Arslanian is 55 years old. She wants to purchase a $100,000, 5-year term life insurance policy. What is her annual premium? Use the given table. 

3) Stanley McBride is employed by the True Blue company. The PPO annual premium is $7,058. His employer pays 70% of the total cost. His contribution is deducted from his paycheck. What is Stanley's monthly deduction?

Employee's Percent = 

Employee's Annual Contribution =

Employee's Monthly Deduction = 

4)  Paulette Wilcox is 30 years old. She wants to purchase a whole life policy valued at $90,000. Use the figure below to calculate her MONTHLY premium 

Transcribed Image Text:

Annual Premiums per $1,000 of Life Insurance: 5-Year erm* Age Female 18-30 $ 2.77 2.98 3.47 4.60 6.27 8.58 12.62 35 40 45 50 55 60 Male $ 3.21 3.51 4.25 5.42 7.59 11.45 17.19 Annual Premiums per $1,000 of Life Insurance: 5-Year erm* Age Female 18-30 $ 2.77 2.98 3.47 4.60 6.27 8.58 12.62 35 40 45 50 55 60 Male $ 3.21 3.51 4.25 5.42 7.59 11.45 17.19

Answer rating: 100% (QA)

Lets calculate each of the requested contributions and deductions Kerri Paynes Annual Contribution T... View the full answer