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STATISTICS 200-A life insurance company sells a $250,000

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STATISTICS 200-A life insurance company sells a $250,000

A life insurance company sells a $250,000 1-year term life insurance policy to a 20-year-old female for $200. According to the National Vital Statistics Report, 58(21), the probability that the female survives the year is 0.999544. What is the expected cost of the insurance policy to the 20-year-old female buyer?



International House, 12 Constance Street, London, United Kingdom,
E16 2DQ

Company # 11483120

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