• Using the premium schedules, how much in annual premiums would a 25-year-old male have to pay for P2,000,000.00 of annual renewable term, level premium term, and whole life insurance? (Assume a 5-year term or period of coverage). How much would a 25-year-old woman have to pay for the same coverage? Consider a 40-year-old male (and female): Using premiums, compare the 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 difference.