Which of the following $100,000 yearly renewable term(YRT) policies would require the LOWEST premium?
(a) YRT purchased by a man age 30
(b) YRT purchased by a woman age 30
(c) YRT purchased by a man age 60
(d) YRT purchased by a woman age 60
Answer: (b) YRT purchased by a woman age 30
Business
You might also like to view...
The days' sales in receivables for Barker Sales is 35. The days' sales in receivables for Xanadu Company is 25. This suggests that Xanadu is having greater difficulty than Barker is in collecting its accounts receivable
Indicate whether the statement is true or false
Business
________refers to the markup amount added to the cost of a product to cover the fixed costs of the retailer or wholesaler and leave an amount for a profit.
Fill in the blank(s) with the appropriate word(s).
Business