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Determine the amount of term life insurance a family

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Reference no: EM132629509

Long-Life Insurance has developed a linear model that it uses to determine the amount of term life insurance a family of four should have, based on the current age of the head of the household.

The equation is:

y = 850 - 0.1x

where

y = Insurance needed ($000)

x = Current age of head of household

Use the equation to determine the amount of term life insurance to recommend for a family of four if the head of the household is 30 years old.

Reference no: EM132629509

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