Frances is a 40 -year-old female whose husband recently stopped working to attend law school. They expect that he will begin earning money as a lawrer within five years, but until then, Frances will be the provider for their two children. Given her current finandal situation, she is interested in a term life inuarace policy that will last 5 vears. Frances poes to an insurance broker to purchase a policy and is shown the following two rate tables to help her choose botween annual renewable and level premium term life insurance. Assignment: Chapter 08 Insuring Your Life Given ber age and sesired policy term, she can purchuse an annua renewable term life policy and par in the finst vear and a total of pier the course of the policy. Altematively, sthe can purchace a level premium term life policy and sav a premium of vear for a tokal of prer the course of the policis. This txample is repcesentativn of wiy, h oeneral, pespite today purchase term life insurance