$500,000 Term Life Female Annual Premium
Male Annual Premiums
Age 10 Year 20 Year 30 Year Age 10 Year 20 Year 30 Year
30 $144 $210 $329
30 $164 $240 $394
35 $149 $221 $384
35 $164 S254 $454
40 $192 $298
$519 40
$212 $341 $627
45
$289
$466 $764 45 $328 $591 $989
50 $413 $858 $1,169
50 $485 $900 $1,555
55 $808
$1.071 $2124 55 $821 $1.441 $3.002
Аое
30
35
40
45
50
55
$1.000.000 Term Life
Female Annual Premium
10 Year 20 Year 30 Yes Аое
$219 $347
$570
30
$228 $371 5680 35
$289 $519 $950
$495 $837 $1,424 45
$732 $1.222 $2.000 50
$1.105 $1983 $3982 55
Male Annual Premiums
10 Year 20 Year 30 Year
$247 $413 $704
S257 $433 $814
$319 $814 $1,190
$556 $1,100 $1889
S870 $1.698 $2970
$1507_ $2743_$5.686
If current policy premiums are decreased by 10%, what will be the new annual premium on a 20 year $1,000,000
term life policy for a 30 year old male? (round to the nearest whole dollar)
A)
$312
B)
$372
$394
D)
$409