Need help with the ones with the X's by them.

Chapter 8 Financial Planning Exercise 4 Life insurance premiums and comparison of types EXHIBIT 8.2 Representative Annual Renewable Term Life Insurance Premiums: $100,000 Policy, Preferred Nonsmoker Rates When you buy term life insurance, you're buying a product that provides life insurance coverage and nothing more. This table shows representative rates for several age categories and selected policy years; actual premiums increase every year. As you can see, females pay less than males for coverage, and premiums increase sharply with age. AGE 25 AGE 40 Policy Year Male Female Male Female $95 $49 $145 $117 $97 $63 $177 $151 $107 $88 $237 $194 $145 $117 $299 $236 $177 $151 $429 $366 EXHIBIT 8.3 Representative Level Premium Term Life Rates: $100,000 Preferred Nonsmoker Policy This table shows representative annual premiums for $100,000 of level premium term life insurance. Although level premium costs less than annual renewable term for the same period, you must requalify at the end of each term to retain the low premium. 10 YEAR 15 YEAR Male/Female Male/Female $106/$102 $116/$110 $108/$102 $117/$112 $122/$115 $135/$129 $203/$171 $250/$199 $403/$300 $539/$373 Male EXHIBIT 8.5 Representative Whole Life Insurance Annual Premiums: $100,000 Policy, Preferred Nonsmoker Rates Like any life insurance product, whole life is more expensive the older you are. Also, whole life is more costly than term because you're getting an investment/savings account, represented by the "total cash value" column, in addition to life insurance coverage. ANNUAL PREMIUM Male Female $603 $525 $727 $683 $891 $775 $1,078 $931 $1,590 $1,367 $2,418 $2,050 Using the premium schedules provided in Exhibit 8.2, 8.3, and 8.5, how much in annual premium would a 25-year-old male have to pay for $100,000 of annual renewable term, level premium term, and whole life insurance? (Assume a 10-year term or period of coverage.) How much would a 25-year-old woman have to pay for the same coverage? Round your answers to the nearest dollar. Level-Premium Term Whole Life Annual Renewable Term $ 1020 Male $ 6650 X $ $ 1060 1020 Female $ 755 $ 6040 X Consider a 40-year-old male (or female): Using annual premiums, compute the total cost of 10 years of coverage under annual renewable and level premium term options and whole life insurance coverage. Relate the advantages and disadvantages of each policy type to their price differences. Round your answers to the nearest dollar. Annual Renewable Term $ 2070 X Level-Premium Term $ 1220 $ 1150 Whole Life $ 10780 $ 9310 Female $ 1725 Chapter 8 Financial Planning Exercise 4 Life insurance premiums and comparison of types EXHIBIT 8.2 Representative Annual Renewable Term Life Insurance Premiums: $100,000 Policy, Preferred Nonsmoker Rates When you buy term life insurance, you're buying a product that provides life insurance coverage and nothing more. This table shows representative rates for several age categories and selected policy years; actual premiums increase every year. As you can see, females pay less than males for coverage, and premiums increase sharply with age. AGE 25 AGE 40 Policy Year Male Female Male Female $95 $49 $145 $117 $97 $63 $177 $151 $107 $88 $237 $194 $145 $117 $299 $236 $177 $151 $429 $366 EXHIBIT 8.3 Representative Level Premium Term Life Rates: $100,000 Preferred Nonsmoker Policy This table shows representative annual premiums for $100,000 of level premium term life insurance. Although level premium costs less than annual renewable term for the same period, you must requalify at the end of each term to retain the low premium. 10 YEAR 15 YEAR Male/Female Male/Female $106/$102 $116/$110 $108/$102 $117/$112 $122/$115 $135/$129 $203/$171 $250/$199 $403/$300 $539/$373 Male EXHIBIT 8.5 Representative Whole Life Insurance Annual Premiums: $100,000 Policy, Preferred Nonsmoker Rates Like any life insurance product, whole life is more expensive the older you are. Also, whole life is more costly than term because you're getting an investment/savings account, represented by the "total cash value" column, in addition to life insurance coverage. ANNUAL PREMIUM Male Female $603 $525 $727 $683 $891 $775 $1,078 $931 $1,590 $1,367 $2,418 $2,050 Using the premium schedules provided in Exhibit 8.2, 8.3, and 8.5, how much in annual premium would a 25-year-old male have to pay for $100,000 of annual renewable term, level premium term, and whole life insurance? (Assume a 10-year term or period of coverage.) How much would a 25-year-old woman have to pay for the same coverage? Round your answers to the nearest dollar. Level-Premium Term Whole Life Annual Renewable Term $ 1020 Male $ 6650 X $ $ 1060 1020 Female $ 755 $ 6040 X Consider a 40-year-old male (or female): Using annual premiums, compute the total cost of 10 years of coverage under annual renewable and level premium term options and whole life insurance coverage. Relate the advantages and disadvantages of each policy type to their price differences. Round your answers to the nearest dollar. Annual Renewable Term $ 2070 X Level-Premium Term $ 1220 $ 1150 Whole Life $ 10780 $ 9310 Female $ 1725