What is the duration for the life insurance policy?

1 to 15 years

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2 to 40 years

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5 to 30 years

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None of the above

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Solution

The correct option is C
5 to 30 years

The duration for the life insurance policy ranges from 5 to 30 years or whole life.

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Similar questions

A life insurance agent found the following data for the distribution of ages of 100 policy holders. Calculate the median age, if policies are given only to persons having age 18 years onwards but less than 60 years.

$\begin{matrix} A g e (i n y e a r s) & N u m b e r o f p o l i c y h o l d e r s B e l o w 20 & 2 B e l o w 25 & 6 B e l o w 30 & 24 B e l o w 35 & 45 B e l o w 40 & 78 B e l o w 45 & 89 B e l o w 50 & 92 B e l o w 55 & 98 B e l o w 60 & 100 \end{matrix}$

A life insurance agent found the following data for distribution of ages of 100 policy holders. Calculate the median age, if policies are only given to persons having age 18 years onwards but less than 60 years.
$\begin{matrix} Age in years & Number of policy holders Below 20 & 2 Below 25 & 6 Below 30 & 24 Below 35 & 45 Below 40 & 78 Below 45 & 89 Below 50 & 92 Below 55 & 98 Below 60 & 100 \end{matrix}$

Q. A life insurance agent found the following data for distribution of ages of

100

policy holders. Calculate the median age, if policies are given only to persons having age

18

years onward but less than

60

year.

Age (in years)	Number of policy holders
Below $20$ Below $25$ Below $30$ Below $35$ Below $40$ Below $45$ Below $50$ Below $55$ Below $60$	$2$ $6$ $24$ $45$ $78$ $89$ $92$ $98$ $100$

Q. A life insurance agent found the following data for distribution of ages of 100 policy holders. Calculate the median age, if policies are only given to persons having age 18 years onward but less than 60 years.

Age in years	Number of policy holders
Below 20 Below 25 Below 30 Below 35 Below 40 Below 45 Below 50 Below 55 Below 60	2 6 24 45 78 89 92 98 100

Question 3
A life insurance agent found the following data for the distribution of ages of 100 policy holders. Calculate the median age, if policies are given only to persons having age 18 years onwards but less than 60 years.

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What is the duration for the life insurance policy?

The correct option is C 5 to 30 years The duration for the life insurance policy ranges from 5 to 30 years or whole life.

The correct option is C
5 to 30 years

The duration for the life insurance policy ranges from 5 to 30 years or whole life.