How much of the damages will the policy cover

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Reference no: EM131629009

Question: 1. How much does a 45-year-old female using a non-tobacco rate pay in monthly premiums for a $250,000 whole-life insurance policy?

2. The market value of a home is $72,500. It is insured for $50,000 with an 80% coinsurance clause. If a fire causes $62,000 in damages, how much of the damages will the policy cover?

Reference no: EM131629009

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