Question: Based on US mortality statistics, the probability that a 30-year old white female will die within the next year is 0.000642 (and so the probability

Based on US mortality statistics, the probability that a 30-year old white female will die within the next year is 0.000642 (and so the probability of living another year is 1-0.000642 = 0.999358). What premium should a life insurance company charge to break even on a $500,000 one-year term insurance policy for a 30-year old white female? Please select the closest response.

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