Angus, who is 40 years old, is choosing between two term life insurance policies. Both offer a $500,000 death benefit, but the premiums differ based on age and term length. Option 1: 20-year term life policy Monthly premium: $35 Coverage: 20 years Death benefit: $500,000 Option 2: 30-year term life policy Monthly premium: $55 Coverage: 30 years Death benefit: $500,000 What is the total cost for each life insurance policy?