I reread the lesson, and they’re not very descriptive. This is one of the questions I’m having trouble with:
Veronica cancelled her $65,000 straight life insurance policy after 15 years and she received $175 in cash value per $1,000 in insurance. She paid $12.68 per $1,000 in annual premiums. What was the net cost of her insurance for the 15-year period?
They did not tell us how to do this. :wall: But, I can answer this question:
Bill has a $75,000 straight life insurance policy. It costs $5.32 per $1,000 each year. What is Bills annuals premium?
Which, all you have to do is:
75,000/1000= 75*5.32= $399 is his annual premium.
I might just move on from this. :pout: