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What is minimum amount that he can expect to pay for policy

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Reference no: EM131559403

Question: LIFE INSURANCE POLICIES As a fringe benefit, Dennis Taylor receives a $25,000 life insurance policy from his employer. The probability that Dennis will live another year is .9935. If he purchases the same coverage for himself, what is the minimum amount that he can expect to pay for the policy?

Reference no: EM131559403

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