Betsy Monikens (age 28) and Jim Farber (age 30) recently married and need to buy...
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Betsy Monikens (age 28) and Jim Farber (age 30) recently married and need to buy both car and life insurance. They have one car, 4 years old, with symbol 7 and live in terrority 2. Auto: 50/100 liability with $3000 in medical expense limits, 25,000 in property damage, comprehensive, $1000 deductible collision and uninsured motorist. Life: 100,000 10 year level term on Jim and 50,000 universal life on Bestsy. Find the annual cost of (a) the auto insutance and (b) the life insurance.
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