Mathematics
Mathematics, 11.05.2021 01:00, ash2905

An insurance company sells a twenty-year term life insurance policy with a face value of $200,000 to a 45-year old woman. Her annual premium is $990. If the woman dies after paying premiums for six years, what is the insurance company's gain or loss?
A. loss of $194,060
B. loss of $199,010
C. gain of $200,990
D. gain of $205,940

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Answers: 1

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An insurance company sells a twenty-year term life insurance policy with a face value of $200,000 to...

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