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Based on US mortality statistics, the probability that a 30-year old white female will die within the next year is 0.00064. What premium should a life insurance company charge to earn an $80 profit on a $500,000 one-year term insurance policy for a 30-year old white female? Please select the closest response.

Reference no: EM131890155

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Us mortality statistics : Based on US mortality statistics, the probability that a 30-year old white female will die within the next year is 0.00064.
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