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Business, 25.02.2020 06:03 leo4687

A 65-year-old woman takes out a $10,000 term life insurance policy. The company charges an annual premium of $500. Estimate the company’s expected profit on such policies if mortality tables indicate that only 2.6% of women age 65 die within a year.

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A 65-year-old woman takes out a $10,000 term life insurance policy. The company charges an annual pr...

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