Question: 1. A whole-life policy purchased at age 50 by Thomas Wimberly costs how much more per $1,000 than the same policy for a male age 60? Use a non-tobacco rate.
2. How much are the total quarterly payments paid by Erich Shultz, age 40, and his wife Demetria, age 35, if each has a 20-year level term insurance policy for $300,000 and both use tobacco.