Two insurance companies gave the following quotations on premiums for essentially the same long-term disability insurance coverage

Question:

Two insurance companies gave the following quotations on premiums for essentially the same long-term disability insurance coverage for a 25-year-old. Paul Revere Insurance Co. quoted monthly premiums of $54.83 from ages 26 to 30 inclusive, and $78.17 from ages 31 to 64 inclusive. The monthly premiums from Provident Insurance Co. are “flat” at $69.35 from ages 26 to 64 inclusive. All premiums are paid at the beginning of each month. The insurance recommended the Provident coverage because the aggregate lifetime premiums up to the client’s sixty-fifth birthday are $32,455.80 versus $35,183.16 for the Paul Revere policy. Is the choice that simple?
Broker
A broker is someone or something that acts as an intermediary third party, managing transactions between two other entities. A broker is a person or company authorized to buy and sell stocks or other investments. They are the ones responsible for...