Annual insurance is 1,000 face value.
company a is 1.86
company b is 1.86
company c is 2.07
company d is 2.25
because aaron, age 32, is a smoker, he must pay more for life insurance. given that company a charges 20% more for smokers, company b charges 18% more for smokers, company c charge 25% more for smokers and company d charges 15% more for smokers, aaron decides to buy his $250,000 policy from company b. which of the following statements is true?
a.
aaron is paying the smallest premium possible with company b.
b.
aaron is paying $93 more in premiums than he would with company a.
c.
aaron is paying $129 more in premiums than he would with company c.
d.
aaron could have chosen any company because the premiums are all the same.
answer was a