Financial Planning Exerclse 4 Lite insurance premlums and comparison of types Using the premilum schedules provided in Exhibit 8.2, Exhbt 83, and Exhibit B.5, how much in annual premium would a 25 -year-old male have to poy for 5100,000 of annual renewable term, level premium term, and whoie ife insurance? (Assume o 10 yeor term or period of coverage.) 1ow much would a 25 year-cld woman have to pay for the seme coveroge? (Hint: Une the overoge of the first and the last yesrs' premiums in your calculations for the annual renewabile term life insurance.) Round your answers to the nearest doliac. Consicer a 40-year-old male (or female): Using ennual premiums, compute the total cost of 10 years of coveroge under ennuel renewable and level premium term options and whole life insurance coverage. (Hint: Use the average of the first and the last years' premiums in your calcuiotions for the annual renewabie term life insurance.) Round ypur answers to the nearest doilar