Question:
A life insurance company sells a $200,000 1-year term life
Last updated: 7/11/2022
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A life insurance company sells a $200,000 1-year term life insurance policy to a 20-year-old female for $150. The probability that the female survives the year is 0.999541. Compute the expected value of this policy to the insurance company. $40.20 $52.80 $58.80 52.20