What is the administrative fee for the year

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Reference no: EM132032030

1. Your variable annuity charges administrative fees at an annual rate of 0.15 percent of account value. Your average account value during the year is $122,000. What is the administrative fee for the year? Administrative fee:

2. Tim and Allison are married and have two children, ages 12 and 14. Allison is a "nonworking" spouse who devotes all of her time to household activities. Estimate how much life insurance Tim and Allison should carry to cover Allison.

Reference no: EM132032030

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