How is the $90 derived? For example, an insurance producer may explain to a potential applicant that
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Question:
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?
Related Book For
Personal Finance Turning Money into Wealth
ISBN: 978-0134730363
8th edition
Authors: Arthur J. Keown
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