Jim is 50 years of age and is in good health for a man. Theresa is also

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Jim is 50 years of age and is in good health for a man. Theresa is also 50 years of age and in good health for a woman. Both Jim and Theresa apply for life insurance and the policies go to underwriting for evaluation. Assuming that all other factors are the same, which of the following is an accurate statement about the premiums that Jim and Theresa will pay on their life insurance policies?

Theresa will pay a higher premium because men tend to outlive women

Theresa and Jim will pay the same premium since gender has no impact

Jim will pay a higher premium because women tend to outlive men

Jim will pay a higher premium because he is a man and he will earn a higher income

Posted Date: Dec 19, 2021 01:30 PM

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Jim is 50 years of age and is in good health for a man. Theresa is also

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Jim and Theresa are both of the same age of 50 years and they enjoy good health When someon... View the full answer

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