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An Insurance Company Sells A $15,000, Two-year Term Life Insurance Policy To An Individual For $1,250.?

Posted August 30, 2009 – 4:26 am in: term life insurance

Find the expected return for the company if the probability the individual will live for the next two years is 0.93? Can anyone help?

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One Comment

  1. Personality test
    Posted August 30, 2009 at 4:26 am | Permalink

    .1.00-.93=.07
    .07*15,000=1,050
    1250-1050=200

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