Amanda has a 20-year term life insurance policy for $100,000. The annual premium is $ 12.00 per thousand. How much is her total premium payment every six months?

The correct answer is A. $600. See the full explanation below for the reasoning.

Question

Amanda has a 20-year term life insurance policy for $100,000. The annual premium is $ 12.00 per thousand. How much is her total premium payment every six months?

Options

A$600
B$1,2000 (Q $100
C$2,400
D

How the community answered

(41 responses)

A
73% (30)
B
5% (2)
C
5% (2)
D
17% (7)

Community Discussion

No community discussion yet for this question.

Full ASVAB Practice