Estimated Annual Life Insurance Premium Rates per $1,000 of Face Value 10-Year Level Term 20-Year Level Term Age Male Female Age Male Female PREF NT 200.87 25 0.87 30 0.87 35 0.87 40 PREF 0.91 0.91 0.96 1.02 1.26 T PREF NT PREF NT T. NT 1.27 2.28 0.75 1.10 1.27 2.28| 0.75 | 1.10 1.16 1.88 20 1.09 1.88 2.56 2.56 2.67 2.78 3.77 5.57 8.02 11.45 16.74 1.50 2.86 2.86 1.31 1.09 1.50 1.31 1.42 25 1.36 2.49 0.75 2.06 30 1.12 1.61 3.24 1.44 2.73 1.96 3.78 2.69 5.33 8.08 0.75 1.00 2.23 35 2.93 1.17 1.26 1.57 1.73 2.36 3.62 5.38 8.42 12.90 2.59 19.15 3.96 15.15 | 29.14| 6.17 1.53 2.00 2.92 4.40 6.66 1.13 40 1.49 45 2.23 5.78 50 3.45 8.33 55 5.38 60 4.61 9.07 20.07 3.46 6.95 12.57 60 8.46 | 15.15 29.14 6.17 10.36 45 1.38 4.08 2.12 1.72 | 2.98 55 2.95 5.61 12.48 2.27| 4.44 3.73 5.99 9.52 1.51 1.75 50 2.03 3.76 Use the given table. Compare the annual life insurance premium of Jenny Davis who is 35 years old, and purchases a $265,000, 10-year level policy using a non-tobacco rate to the premium paid by Chloe Levine, her friend who is the same age as Jenny and purchases exactly the same policy. Chloe is a smoker. E Click the icon to view the data table. Select the correct choice below, and fill in the answer box if necessary. (Type an integer or a decimal.) O A. Jenny pays S less for the annual premium than her friend, Chloe. O B. Chloe pays S less for the annual premium than her friend, Jenny.
Estimated Annual Life Insurance Premium Rates per $1,000 of Face Value 10-Year Level Term 20-Year Level Term Age Male Female Age Male Female PREF NT 200.87 25 0.87 30 0.87 35 0.87 40 PREF 0.91 0.91 0.96 1.02 1.26 T PREF NT PREF NT T. NT 1.27 2.28 0.75 1.10 1.27 2.28| 0.75 | 1.10 1.16 1.88 20 1.09 1.88 2.56 2.56 2.67 2.78 3.77 5.57 8.02 11.45 16.74 1.50 2.86 2.86 1.31 1.09 1.50 1.31 1.42 25 1.36 2.49 0.75 2.06 30 1.12 1.61 3.24 1.44 2.73 1.96 3.78 2.69 5.33 8.08 0.75 1.00 2.23 35 2.93 1.17 1.26 1.57 1.73 2.36 3.62 5.38 8.42 12.90 2.59 19.15 3.96 15.15 | 29.14| 6.17 1.53 2.00 2.92 4.40 6.66 1.13 40 1.49 45 2.23 5.78 50 3.45 8.33 55 5.38 60 4.61 9.07 20.07 3.46 6.95 12.57 60 8.46 | 15.15 29.14 6.17 10.36 45 1.38 4.08 2.12 1.72 | 2.98 55 2.95 5.61 12.48 2.27| 4.44 3.73 5.99 9.52 1.51 1.75 50 2.03 3.76 Use the given table. Compare the annual life insurance premium of Jenny Davis who is 35 years old, and purchases a $265,000, 10-year level policy using a non-tobacco rate to the premium paid by Chloe Levine, her friend who is the same age as Jenny and purchases exactly the same policy. Chloe is a smoker. E Click the icon to view the data table. Select the correct choice below, and fill in the answer box if necessary. (Type an integer or a decimal.) O A. Jenny pays S less for the annual premium than her friend, Chloe. O B. Chloe pays S less for the annual premium than her friend, Jenny.
Essentials Of Investments
11th Edition
ISBN:9781260013924
Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Chapter1: Investments: Background And Issues
Section: Chapter Questions
Problem 1PS
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Transcribed Image Text:Estimated Annual Life Insurance Premium Rates per $1,000 of Face Value
10-Year Level Term
20-Year Level Term
Female
PREF
0.91
0.91
Age
Age
PREF NT
20 0.87
25 0.87
Male
Female
Male
PREF NT
1.50
PREF
NT
NT
2.28
2.28
1.88 20 1.09
1.88 25
2.06 30 1.12
2.86
2.86
2.56
2.56
1.27
0.75
1.10
1.31
1.27
1.36 2.49
1.44 2.73
1.13
0.75
1.10
1.09
1.31
1.42
153
2.00
2.92
1.50
30 0.87
35 0.87
0.75
1.16
1.26 2.23 35
1.57
1.61
3.24
3.62
5.38
8.42
12.90
19.15 3.96
0.96
2.67
0.75
1.17
1.73
1.02
2.78
40
1.96| 3.78
2.93
40
1.49
1.00
1.38
1.72 2.98
55 2.95 5.61 12.48 2.27 4.44 8.33 55 5.38
2.36
3.73
5.99
1.26
3.77
5.57
8.02
11.45
16.74
45
50 2.03 3.76
2.69 5.33
8.08
1.51
2.12
4.08
45 2.23
1.75
5.78 50 3.45
2.59
4.40
6.66
60 4.61 9.07 20.07 3.46 6.95 12.57 60 8.46 15.15 29.14 6.17 10.36
9.52
Use the given table. Compare the annual life insurance premium of Jenny Davis who is 35 years old, and purchases a $265,000, 10-year level policy using a
non-tobacco rate to the premium paid by Chloe Levine, her friend who is the same age as Jenny and purchases exactly the same policy. Chloe is a smoker.
E Click the icon to view the data table.
Select the correct choice below, and fill in the answer box if necessary.
(Type an integer or a decimal.)
O A. Jenny pays S
less for the annual premium than her friend, Chloe.
O B. Chloe pays $
less for the annual premium than her friend, Jenny.
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