What is the expected value for the insurance policy

Reference no: EM13190645

A 28-year-old man pays $240 for a one-year life insurance policy with coverage of $90,000. If the probability that he will live through the year is 0.9994,what is the expected value for the insurance policy ?

Reference no: EM13190645

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What is the expected value for the insurance policy : A 28-year-old man pays $240 for a one-year life insurance policy with coverage of $90,000. If the probability that he will live through the year is 0.9994,what is the expected value for the insurance policy ?

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