Jose is healthy, non-smoking 25-year-old male. He currently has a $500,000 insurance coverage from a 10-year term
Fantastic news! We've Found the answer you've been seeking!
Question:
Jose is healthy, non-smoking 25-year-old male. He currently has a $500,000 insurance coverage from a 10-year term life insurance. If he re-qualifies instead of automatically renews his policy, how much can he save based on the following premium rates?
| Automatic renewal rate | Rate if requalifies |
Age 25-34 | $27.90 | $26.10 |
Age 35-44 | $58.95 | $25.96 |
Age 45-54 | $122.85 | $47.12 |
Age 55-64 | $304.65 | $131.13 |
Expert Answer:
To calculate how much Jose can save based on the premium rates if he requalifies instead of a... View the full answer
Related Book For 
Canadian Income Taxation Planning And Decision Making
ISBN: 9781259094330
17th Edition 2014-2015 Version
Authors: Joan Kitunen, William Buckwold
Posted Date:
