Jim is 50 years of age and is in good health for a man. Theresa is also 50 years of age and in good health for a woman. Both Jim and Theresa apply for life insurance and the policies go to underwriting for evaluation. Assuming that all other factors are the same, which of the following is an accurate statement about the premiums that Jim and Theresa will pay on their life insurance policies? 

Theresa will pay a higher premium because men tend to outlive women 

Theresa and Jim will pay the same premium since gender has no impact 

Jim will pay a higher premium because women tend to outlive men 

Jim will pay a higher premium because he is a man and he will earn a higher income