6
QuizMultiple Choice

Life Insurance — Quiz

Question 6 • Financial Math

Jameson, a 34-year-old man, is a pharmacist. Lesly, a 41-year-old woman, is a nurse. Both are purchasing a variable life insurance policy. Both policies offer a $500,000 death benefit, but the premiums differ based on age, occupation, and gender. Jameson's policy: Monthly premium: $180 Duration: 30 years Death benefit: $500,000 Lesly's policy: Monthly premium: $210 Duration: 30 years Death benefit: $500,000 What is the difference between Jameson's and Lesly's total premiums?

Answer
A
$18,000
B
$16,200
C
$10,800
D
$12,600
Previous
Next
Jameson, a 34-year-old man, is a pharmacist…