A 28-year-old man pays $223 for a one-year life insurance

Last updated: 7/18/2022

A 28-year-old man pays $223 for a one-year life insurance policy with coverage of $60,000. If the probability that he will live through the year is 0.9993, what is the expected value for the insurance policy? -$181.00 $59.958.00 $42.00 -$222.84