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?
Lesly pays $210 − $180 = $30 more per month. Over 30 years, there are 30 × 12 = 360 months, so the difference in total premiums is $30 × 360 = $10,800. The correct choice is $10,800.
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