Answered

Discover a wealth of knowledge at Westonci.ca, where experts provide answers to your most pressing questions. Get immediate and reliable answers to your questions from a community of experienced experts on our platform. Get precise and detailed answers to your questions from a knowledgeable community of experts on our Q&A platform.

Richard Henry takes out $25,000 of ordinary whole life when he is forty-three years old. A. Annual premium b. Semiannual premium

Sagot :

abiolataiwo2015

If Richard Henry takes out $25,000 of ordinary whole life when he is forty-three years old is: A. Annual premium.

What is annual premium?

Annual premium can be defined as the premium amount a person pay per year, yearly or annually.

Based on the scenario the whole life is an example of long term insurance.

Reason been that  annual  premium are often used  for long term insurance in which the policy holder is expected to stop paying the premium when he/she reach a certain age that is stated on the policy terms and condition.

Therefore If Richard Henry takes out $25,000 of ordinary whole life when he is forty-three years old is: A. Annual premium.

Learn more about annual premium here: https://brainly.com/question/25280754

#SPJ1

Answer:

618.25-annual     309.13-semiannual

Step-by-step explanation:

oddesy

Thanks for using our platform. We're always here to provide accurate and up-to-date answers to all your queries. We appreciate your time. Please come back anytime for the latest information and answers to your questions. Stay curious and keep coming back to Westonci.ca for answers to all your burning questions.