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Homework: Section 19.2 Homework Score: 0 of 1 pt 3 of 5 (2 complete) 19.1.5 Use the given table. Compare the premiums for a 10-year
Homework: Section 19.2 Homework Score: 0 of 1 pt 3 of 5 (2 complete) 19.1.5 Use the given table. Compare the premiums for a 10-year level term policy for $76,000 for a 40-year-old male to the same policy for a 40-year-old female. Use a non-tobacco rate. Click the icon to view the data table. Select the correct choice below, and fill in the answer box if necessary. - X Data Table (Type an integer or a decimal.) O A. The female pays a premium that is $ higher. OB. The male pays a premium that is higher. PREF 2.56 Estimated Annual Life Insurance Premium Rates per $1,000 of Face Value 10-Year Level Term 20-Year Level Term Age Male Female Age Male Female PREFNT T PREFNI T NT T PREF NT T 20 0.87 1.27 2.28 0.75 1.10 1.88 20 1.09 1.50 2.86 0.91 1.31 25 0.87 1.27 2.28 0.75 1.10 1.88 25 1.09 1.50 2.86 0.91 1.31 2.56 30 0.87 1.36 2.49 0.75 1.16 2.06 30 1.12 1.61 3.24 0.96 1.42 2.67 35 0.87 1.44 2.73 0.75 1.26 2.23 35 1.17 1.73 3.62 1.02 1.53 2.78 | 40 1.13 1.96 3.78 1.00 1.57 2.93 40 1.49 2.36 5.38 1.26 2.00 3.77 45 1.512.69 5.33 1.38 2.12 4.08 45 2.23 3.73 8.42 1.75 2.92 5.57 50 2.03 3.76 8.08 1.72 2.98 5.78 50 3.45 5.99 12.90 2.59 4.40 8.02 55 2.95 5.61 12.48 2.27 4.44 8.33 55 5.38 9.52 19.15 3.96 6.66 11.45 60 4.61 9.07 20.07 3.46 6.95 12.5760 8.46 15.15 29.146.17 10.36 16.74 Whole Life Universal Life Age Male Female Age Male Female PREF NT T PREF NT T PRER NT T PREF INT T 20 8.39 9.02 10.55 7.55 8.12 9.95 20 5.25 5.78 7.17 4.53 4.65 5.97 25 9.51 10.22 12.70 8.65 9.30 11.5925 6.21 6.69 8.61 5.37 5.61 7.17 30 10.86 11.68 14.77 9.82 10.56 13.48 30 7.41 8.13 10.29 6.45 6.81 8.73 35 12.37 13.30 16.59 10.97 11.80 14.85 35 9.09 9.93 12.69 7.89 8.25 10.77 40 14.42 15.50 19.31 12.54 13.48 16.69 40 11.25 12.33 | 15.69 9.69 10.17 13.41 45 17.65 18.98 24.03 15.14 16.28 20.43 45 14.01 15.45 19.65 12.09 12.69 16.77 50 22.45 24.14 30.65 19.09 20.53 25.39 | 50 | 17.61 19.17 24.45 15.09 16.05 21.33 55 28.67 30.82 39.00 24.11 25.92 30.97 55 22.41 24.57 31.41 18.93 20.2526.97 60 36.06 38.77 49.39 29.75 31.99 37.25 60 28.77 34.53 43.65 23.97 28.29 37.53 PREF = preferred, NT = non-tobacco, and T = tobacco usage. Print Done
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