Lamar, age 43, wants to pay no more than $1,000 a year in life insurance. if the annual life insurance premium rate (per $1000 of face value) is $12.59, what is the largest whole life policy he can buy without spending more than $1,000 annually?

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06-10-2022
Business

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Lamar, age 43, wants to pay no more than $1,000 a year in life insurance. if the annual life insurance premium rate (per $1000 of face value) is $12.59, what is the largest whole life policy he can buy without spending more than $1,000 annually?

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