Question 3 (1 point) Bob and Mike are independent lives, both aged 25. They purchase an insurance policy which provides $100,000, payable at the end of the year of Bob's death, provided Bob dies after Mike. Annual premiums are payable in advance throughout Bob's lifetime. Mortality and interest follow the Illustrative Life Table. Calculate the annual premium for the policy. a) 249 b) 374 c) 499 d) 624 125