Katie purchases a 300000 life insurance policy she is 45, Ask an Expert

Management Studies

Katie purchases a $300,000 life insurance policy. She is 45 years old, but states that she is 30 on the insurance application in order to receive a more favorable rate. The rate she pays each year is $1,000. The actual rate for a 45 year old applicant is $1,800 per year. If Katie were to die, what would be the death benefit her family receives?

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Operation Management, Management Studies

Category:- Operation Management
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