Allan purchased $135,000 of 10 year life insurance @ $4.55 per $1000, at age 35. what will be his total premiums over the 10 years?

Given,

Policy Value = $135000

Duration = 10 years

Premium = $4.55 per 1000 per year

Calculation,

So, yearly premium for $135000 = (4.55/1000) * 135000 = 614.25

So, premium over 10 years for $135000 = 614.25*10 = $6142.5

Answer. Total premium over 10 years that Allan will have to pay = $6142.5