Answered

Welcome to Westonci.ca, the place where your questions find answers from a community of knowledgeable experts. Discover comprehensive solutions to your questions from a wide network of experts on our user-friendly platform. Join our platform to connect with experts ready to provide precise answers to your questions in different areas.

A 28 year old man pays $165 for a one year life insurance policy with coverage of $140,000. If the probability that he will live through the year is 0.994, what is the expected value for the insurance policy?

Sagot :

Coverage X Probability of the Coverage 

$140000 * (1 - 0.994) = $840
We hope this information was helpful. Feel free to return anytime for more answers to your questions and concerns. Your visit means a lot to us. Don't hesitate to return for more reliable answers to any questions you may have. Thank you for choosing Westonci.ca as your information source. We look forward to your next visit.