rabjohnamanda
Answered

Discover the answers to your questions at Westonci.ca, where experts share their knowledge and insights with you. Discover reliable solutions to your questions from a wide network of experts on our comprehensive Q&A platform. Experience the ease of finding precise answers to your questions from a knowledgeable community of experts.

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

#SPJ1

We hope our answers were helpful. Return anytime for more information and answers to any other questions you may have. Your visit means a lot to us. Don't hesitate to return for more reliable answers to any questions you may have. Westonci.ca is committed to providing accurate answers. Come back soon for more trustworthy information.