A Life Insurance Company Sells A Term

  • 4 min read
  • May 31, 2021

A life insurance company sells a term insurance policy to a 21-year-old male that pays 100000 if the insured dies within the next 5 years. The Long Island Life Insurance Company sells a term life insurance policy.


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Compute and interpret the expected value of this policy to the insurance company.

A life insurance company sells a term. If the policy holder dies during the term of the policy the company pays 100000. The probability that the female survives the year is 0999519. The probability that the female survives the year is 0999578.

The company collects a premium of. Compute and interpret the expected value of this policy to the insurance company. A life insurance company sells a 250000 1-year term life insurance policy to a 20-year-old male for 350 According to the National Vital Statistics Report 5821 the probability that the male survives the year is 0998734 Compute and interpret the expected value of.

A life insurance company sells a term insurance policy to a 21-year-old male that pays 100 000 if the insured dies within the next 5 years. A few companies offer 35-year term life policies. 11052021 0100 ash2905 An insurance company sells a twenty-year term life insurance policy with a face value of 200000 to a 45-year old woman.

A life insurance company sells a term insurance policy to a 21-year-old male that pays 100000 if the insured dies within the next 5 years. The probability that the male survives the year is 999172. The company collects a premium of 250 each year as payment for the insurance.

Male that pays 100000 if the insured dies within the next 5 years. The probability that a randomly chosen male will die each year can be found in mortality tables. Suppose a life insurance company sells a 270 comma 000 one-year term life insurance policy to a 19-year-old female for 270.

A life insurance company sells a 100000 one-year term life insurance policy to a 35-year-old male for 200. If the person does not die the company pays out nothing and there is no further value to the policy. Life insurance A life insurance company sells a term insurance policy to a 21-year-old male that pays 100000 if the insured dies within the next 5 years.

Suppose a life insurance company sells a 240000 one-year term life insurance policy to a 19-year-old female for 240. A life insurance company sells a 250000 1-year term life Need more help. The company collects a premium of 250 each year as payment for the insurance.

A life insurance company sells a term insurance policy to a 21-year-old. The probability that the female survives the year is 0999123. A life insurance company sells a 350000 1-year term life insurance policy to a 20-year-old female for 450.

Term life insurance is a policy where you choose the length of coverage usually starting at five years. Compute the expected value of this policy to the insurance company. The amount X that the company earns on this policy is 250 per year less the 100000 that it must pay if the insured dies.

The probability that a randomly chosen male will die each year can be found in mortality tables. Suppose a life insurance company sells a 270000 one-year term life insurance policy to a 23-year-old female for 170. According to the National Vital Statistics Report 5821 the probability that the male survives the year is 0998734.

The amount X that the company earns on this policy is 250 per year less the 100000 that it must pay if the insured dies. The company collects a premium of 250 each year as payment for the insurance. Compute and interpret the expected value of this policy to the life insurance company.

Compute and interpret the expected value of this policy to the insurance company. The probability that the female survives the year is 0999653. According to the National Vital Statistics Report 56 9 the probability the male survives the year is 0998725.

Other choices are 10 15 25 and 30 years. The amount X that the company earns on this policy is 250 per year less the 100000 that it must pay if the insured dies. The reason for this is that term life insurance is temporary with periods ranging from 5 to 40 years.

A life insurance company sells a 100000 one year term life insurance policy to a 30-year old male for 475. People 65 or older can typically sell their life insurance policy as long as the face value of the policy exceeds 100000. According to the National Vital Statistics Report 569 the.

A life insurance company sells a 100000 one-year term life insurance policy to a 35-year-old male for 200. If the woman dies after paying premiums for six years what is the insurance companys gain or loss. The company collects a premium of250 each year as payment for the insurance.

Find the expected value for the insurance company. Many life insurance companies allow you to add a conversion rider to your term policy when you first buy it sometimes at an extra cost.


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