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Michael has a life insurance premium of $400 a year on a term life insurance policy for a 40-year term with $150,000 of coverage. How does the total cost of the premiums over 40…

Michael has a life insurance premium of $400 a year on a term life insurance policy for a 40-year term with $150,000 of coverage. How does the total cost of the premiums over 40…
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Michael has a life insurance premium of $400 a year on a term life insurance policy for a 40-year term with $150,000 of coverage. How does the total cost of the premiums over 40 years compare to the coverage?

User BrokenBinary
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The cost of the premium - $16,000 (40 x $400)
The cost of coverage - $150,000

The cost of the coverage is more
User Andy Hoyle
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8.3k points
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