Planit:Detailed Insurance Policies Exercise
From Planipedia
Solve for the following problem:
Walter’s Whole Life Policy for $25,000 has Alice named as the beneficiary, and Walter pays $100 for it every month. Alice’s Whole Life Policy benefit of $10,000 is to go to Walter, and she pays a $60 premium every month. Walter’s 5-Year Term Insurance has a benefit of $20,000, for which Walter pays $800 each year.
Check out another exercise for detailed insurance that has coverage for either death or disability.
Check the accuracy of your client against the answer key
