Final Answer:
The term life insurance policy with the lowest 1st-year annual premium, assuming all other factors are equal, would be option A) 1-year.
Step-by-step explanation:
Term life insurance policies offer coverage for a specified period, and the premium is generally lower for shorter-term policies. In this case, a 1-year term policy would have the lowest 1st-year annual premium among the given options (A, B, C, and D). The shorter the term, the lower the risk for the insurance company, resulting in lower initial premiums.
Option A (1-year) is preferred when individuals seek coverage for a very short duration, and they anticipate the need for coverage only for a brief period.
Option A is the answer.