Mathematics, 18.11.2020 07:30 steelersfan4343
A 55 year old man buys a $7000 one-year term life
insurance policy for $250. Actuarial tables estimate that a
55 year old man has a 98.4% chance of living until the
age of 56. What is the expected profit for the insurance
company?
o $250
o $108
O $69
O $138
Answers: 2
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A 55 year old man buys a $7000 one-year term life
insurance policy for $250. Actuarial tables estim...
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