Leslie wishes to obtain a 20-year endowment insurance policy having a face value of 275,000. Based on Tables 19-1 and 19-2 from your text, what would be her semiannual premium if she were 60 years old? (Round your answer to the nearest cent)
A) 15,972.00
B) 21,162.00
C) 13,524.24
D) 8,305.44
Q. 2Walt's monthly salary is 6,962.50. What would be his equivalent semimonthly salary?
A) 2,451.92
B) 2,375.96
C) 2,840.41
D) 3,481.25
Q. 3How much would Olga's semiannual premium be for a 5-year term insurance policy with a face value of 350,000, based on Tables 19-1 and 19-2 from your text? She turned 26 years old on her last birthday. (Round your answer to the nearest cent)
A) 450.00
B) 392.50
C) 456.82
D) 549.70
Q. 4The ____________________ pay schedule requires that wages be paid every two weeks or twenty-six paychecks per year.
Fill in the blank(s) with correct word
Q. 5____________________ is the name given for that portion of motor vehicle insurance that includes payment for bodily injury to other persons and damages to the property of others resulting from the insured's negligence.
Fill in the blank(s) with correct word
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