Answered

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Louis is a 41-year-old male who is comparing life insurance with $220,000 in benefits. How much more is the annual
premium for Whole Life insurance than 20-Year Term Life insurance?
FEMALE
18-27 28-32 33-37 38-42 43-47 48-52 53-58
MALE
18-24 25-29 30-34 35-39 40-44 45-49 50-55
WHOLE LIFE INSURANCE
$11.01 $13.33 $15.93 $19.30 $23.74 $29.32 $36.89
20-YEAR TERM LIFE INSURANCE $16.53 $23.18 $27.88 $32.16 $39.59 $44.27 $51.67
$3,487.00
Annual cost per $1,000 of coverage
$5,222.80
O $8709.80
O $9.451.10

Sagot :

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