10
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Question 10 • Mathematics for Data and Financial Literacy

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