The cost of $500,000 worth of 30-year term life insurance and for fernando is $170.19 per month. if fernando's employer covers 95% of this cost, how much is deducted from fernando's gross income per year for life insurance?

Fernando will pay $102.114.

If Fernando's gross income should be deducted $170.19 per month for life insurance, then he should be deducted =

As given, that his employer covers 95% of this amount, Fernando only needs to pay 5% for life insurance.

Getting 5% of $2042.28 we have,

= $102.114

Therefore, Fernando will pay $102.114.

the answer is $102.11 hope this helps!

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