Eunice, a 42-year-old woman, is a software developer. Hayes, a 38-year-old man, is a data analyst. Both are purchasing a variable life insurance policy. Each policy offers a $350,000 death benefit, but the premiums differ based on age, occupation, and gender. Eunice's policy: Monthly premium: $160 Duration: 20 years Death benefit: $350,000 Hayes's policy: Monthly premium: $145 Duration: 20 years Death benefit: $350,000 What is the difference between Eunice's and Hayes's total premiums?
Eunice pays $160 − $145 = $15 more per month than Hayes. Over 20 years, there are 20 × 12 = 240 monthly payments, so the difference in total premiums is $15 × 240 = $3,600. The correct choice is A, $3,600.
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