Question

5 6 3 4 13. Jose is 35 years old, and makes $40,000 per year. If he dies, how much would the beneficiaries of his life insurance policy receive if they can get by on 75% of his income? Muilples-of-Salary Chart PEET Շնոաս: Օրհi# ԵՆՔրցե 5.5 5.5 6.5 6.5 40 3.0 3.0 810 6.0 4.5 70 BD 85 6.5 75 5.5 2350 GO 5.0 1.5 70 00010 RO ED 70 7.5 60 65 5.5 75 50

Answer 1

We are told that jose is 35 years old and makes 40.000 per year. Also, we are told that they can get by 75% of his income. So, in the table, we look for the age column for 35 years and in the gross earnings we look for the 40000 row.

Inside the 35 years column, we take a look at the inner column that says 75%. Crossing all this information, we get that the table shows a multiplier of 8.0

This means that their beneficiaries would earn 8 times the salary of jose. That is

`8\cdot40000=320000`