Question:
A life insurance company sells a $130,000 1-year term life
Last updated: 7/11/2022
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A life insurance company sells a $130,000 1-year term life insurance policy to a 20-year-old female for $180. The probability that the female survives the year is 0.999212. Compute the expected value of this policy to the insurance company. $80.86 $77.56 $63.86 $61.68