How Much Would Olga's Semiannual Premium Be for a 5-Year

question 126

Multiple Choice

How much would Olga's semiannual premium be for a 5-year term insurance policy with a face value of $350,000, based on Tables 19-1 and 19-2 from your text? She turned 26 years old on her last birthday. (Round your answer to the nearest cent)

• A) $450.00
• B) $392.50
• C) $456.82
• D) $549.70

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Definitions:

Erikson

A developmental psychologist known for his theory on the psychosocial development of humans, which posits that individuals go through eight stages of development throughout life.

Psychological Closeness

The perceived intimacy or connectedness between individuals, which can influence the depth of personal relationships and interactions.

Intimacy

The emotional or psychological closeness and trust built between individuals through shared experiences and personal exchanges.

Trust

A psychological state comprising the intention to accept vulnerability based upon positive expectations of the intentions or behavior of another.