What Is the Annual Premium for a $200,000 Term Life

question 33

Short Answer

What is the annual premium for a $200,000 term life insurance policy with a cost per $1,000 of $3.20?

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Definitions:

Behavioral Theorist

A scholar or researcher who studies and explains human behavior through various theories and models, focusing on observable behavior and its triggers.

Conditioning

According to behaviorism, the processes of learning. The word conditioning emphasizes the importance of repeated experiences, as when an athlete conditions his or her body by training day after day.

Neutral Stimulus

A stimulus that initially produces no specific response other than focusing attention until it is associated with an unconditioned stimulus.

Positive Reinforcement

A technique used in behavior analysis to increase the likelihood of a desired response by adding a reward after the desired behavior is exhibited.