4. Jaycie Marie has a 20 -year term life insurance policy for \( \$ 100,000 \). The annual premium is \( \$ 12.00 \) per thousand. What is the total premium paid for this policy every six months?

1. The face amount of the policy is \( \$100,000 \). 2. The annual premium rate is \( \$12.00 \) per thousand. For every \( \$1,000 \) of coverage, the cost is \( \$12.00 \) per year. 3. To compute the annual premium, first determine how many thousands are in \( \$100,000 \): \[ \text{Number of thousands} = \frac{100,000}{1,000} = 100 \] 4. Now, multiply the number of thousands by the rate: \[ \text{Annual premium} = 100 \times 12 = \$1200 \] 5. Since premiums are paid every six months, the premium for a six-month period is half of the annual premium: \[ \text{Six-month premium} = \frac{1200}{2} = \$600 \] The total premium paid for the policy every six months is \( \$600 \).