A 40-year-old man in the U.S. has a 0.242% risk of dying

Last updated: 7/14/2022

A 40-year-old man in the U.S. has a 0.242% risk of dying during the next year. An insurance company charges $250 per year for a life-insurance policy that pays a $100,000 death benefit. What is the expected value for the person buying the insurance? Round your answer to the nearest dollar. Expected Value: $ for the year