Question

The probability that a 30-year-old white male will live another year is .99863. What premium would an insurance company charge to break even on a one-year $1 million term life insurance policy? (Data are from National Center for Health Statistics, National Vital Statistics Reports 59, no. 4 [March 16, 2011], p. 33.)


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  • CreatedAugust 19, 2015
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