33
RCMultiple Choice
Topic Test — Cumulative exam
Question 33 • ****Spring 2026 Financial Math - MA2007 MQS21QXV
Because Aaron, age 32, is a smoker, he must pay more for life insurance. Given that Company A charges 20% more for smokers, Company B charges 18% more for smokers, Company C charge 25% more for smokers and Company D charges 15% more for smokers, Aaron decides to buy his $250,000 policy from Company B. Which of the following statements is true?
Answer
A
Aaron is paying the smallest premium possible with Company B.B
Aaron is paying $93 more in premiums than he would with Company A.C
Aaron is paying $129 more in premiums than he would with Company C.D
Aaron could have chosen any company because the premiums are all the same.