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Business, 24.06.2021 22:00 ldpozorski

Suppose a life insurance company sells a $250,000 one-year term life insurance policy for a 45-year old male for $350. The probability the male survives the year is 0.998953. What is the expected value of this policy to the insurance company?

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Suppose a life insurance company sells a $250,000 one-year term life insurance policy for a 45-year...
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