Question

What percentage of an individual's annual income is generally considered acceptable for life insurance premiums?

a.

One-half

b.

Two-thirds

c.

One-third

d.

Three-fourths

Answer: (c).One-third Explanation:Typically, the premium payable for life insurance should be within one-third of an individual's annual income to ensure affordability and continued payment.

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Q. What percentage of an individual's annual income is generally considered acceptable for life insurance premiums?

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