Question
You have the opportunity to purchase a $160,000 Term life insurance policy for $120 per year for the next four years. Your bank has offered
You have the opportunity to purchase a $160,000 Term life insurance policy for $120 per year for the next four years. Your bank has offered you credit life insurance in conjunction with a $12,000 four-year (48-month) loan you are applying for. The credit life insurance premium would be a one-time-up-front fee of $348. What is the annual cost per $1,000 of insurance for the term life insurance and the credit life insurance?
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Public Finance
Authors: Laurence S. Seidman
1st Edition
0073375748, 978-0073375748
