rabjohnamanda
Answered

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Jose is 35 years old, and makes $40,000 per year. If he dies, how much would
the beneficiaries of his life insurance policy receive if they can get by on 75% of
his income?

Jose Is 35 Years Old And Makes 40000 Per Year If He Dies How Much Would The Beneficiaries Of His Life Insurance Policy Receive If They Can Get By On 75 Of His I class=

Sagot :

ogorwyne

The amount that the beneficiaries of his life insurance would receive would be $30000.

How to solve for the amount that would be received

The total amount of insurance is 40000

percentage  needed by beneficiaries on this amount = 75%

Hence 75% * 40000

= $30000

Therefore it can be concluded that the amount that the beneficiaries would require on 75% is $30000.

Read more on insurance here:

https://brainly.com/question/25855858

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