How is the $90 derived?

 

For example, an insurance producer may explain to a potential applicant that the whole life insurance policy costs $90 per $1,000 of coverage. If the applicant wants a policy with a $100,000 face value, the cost will be $900 per year ($90 x 100).

 

I really don't know the $90 is calculated?

Answer rating: 100% (QA)

In the given example the cost of the whole life in... View the full answer