Mathematics, 13.12.2020 19:50, deadman7628

A 60 year old man buys a $6000 one-year term life insurance policy for $300. Actuarial tables estimate that a
60 year old man has a 95.5% chance of living until the
age of 61. What is the expected profit for the insurance
company?

Answers: 2

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A 60 year old man buys a $6000 one-year term life insurance policy for $300. Actuarial tables estimate that a 60 year old man has a 95.5% chance of living until the age of 61. What is the expected profit for the insurance company?

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A 60 year old man buys a $6000 one-year term life insurance policy for $300. Actuarial tables estimate that a
60 year old man has a 95.5% chance of living until the
age of 61. What is the expected profit for the insurance
company?