Question

Simon Templeton takes out $30,000 of a ten-year term life insurance when he is forty-five years old.

a. annual premium
b. quarterly premium

Answer 1

Im pretty sure it would be annual but however i could be wrong

Explanation:

annual is yearly so he would have to pay back 3000 a year which is highly c apable, quartly would 4 payments of 7,500 over a 10 year period