Assume that all of the life insurance policies listed below have a $50,000 face value, are sold by the same insurer, and have identical expense and mortality rates. Which of these, sold to a 27 year old female, should be the least expensive?

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Term life insurance policies are typically the least expensive option compared to whole life and universal life policies. This is because they provide coverage for a specific period of time and do not include savings or investment components. As such, they have lower expense and mortality rates compared to other types of policies. Additionally, being a 27-year-old female, the mortality risk for this demographic is generally lower than others, which could result in even lower premiums for term life insurance.

Assume That All of the Life Insurance Policies Listed Below