Suppose A Life Insurance Company Sells A
Does a life insurer sell 20 250,000 a year of life insurance to a 20-year-old woman? 3
For $ 200. According to the report of National Statistics. 56 (9), the probability that the woman will live throughout the year 0.999544. Calculate and explain the expected cost of this policy for the insurer.
I also need to decide if the company can pay the woman.
P [insecure women] = 10.999544 = 0.000456
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Does the life insurer sell 20 250,000 of one-year life insurance to a 20-year-old woman?
For $ 200. According to the report of National Statistics. 56 (9), the probability that the woman will live throughout the year 0.999544. Calculate and explain the expected cost of this policy for the insurer.
I also need to decide if the company can pay the woman.
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