Two part question:

CBS News reported four ways to cut down on the cost of life insurance: 1. Shop around for the best rates from reputable companies, 2. Improve your life expectancy by quitting smoking, etc., 3. Buy life insurance when you are young, and 4. Negotiate for lower premiums. Warren Kawano, age 34, was quoted $40 per month for a $200,000, 5-year term life insurance policy. Compare this to the rates in Table 20.1.

What it:

Annual Premium using table?

Annual Premium?

Life insurance rates for males (for females, subtract 3 years from the age. Non-binary individuals currently need to apply as male or female.) 2 Life insurance rates for males (for females, subtract 3 years from the age. Non-binary individuals currently need to apply as male or female.) 2