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.
Cornerstones of Financial Accounting
4th Edition
ISBN:9781337690881
Author:Jay Rich, Jeff Jones
Publisher:Jay Rich, Jeff Jones
ChapterA3: Time Value Of Money
Section: Chapter Questions
Problem 11E
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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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