Determine the permanent life insurance amount per thousand given that the policy belongs to a healthy 28-year-old male with an annual premium of $1,332 and a face value of $75,000 on a whole life insurance policy. a. $17.76 c. $16.91 b. $17.72 d. $16.38

The amount of life insurance premium per thousands be $17.76

A is correct

Step-by-step explanation:

A face value of Life insurance = $75,000

For a healthy 28-year old male an Annual premium for $75,000 = $1,332

Let amount of premium per thousands be $x

Amount of premium $1000 = $x

Amount of premium   $1      = $0.00x

Amount of premium for $75,000 = 75x

75x must be equal to premium of 28-year old man.

Thus,

75x = 1332

x=1332 ÷ 75

x=$17.76

Hence, The amount of life insurance premium per thousands be $17.76

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Step-by-step explanation: