Question 865549
A 35-year-old woman purchases a $100,000 term life insurance policy for an annual payment of $360. Based on a period life table for the U.S. government, the probability that she will survive this year is 0.999057. Find the expected value of the policy for the insurance company. 
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Random gain for the company:: 360...........-99,640
Probabilities..............0.999057....... 0.000943
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Expected gain = 0.999057*360 - 0.000943*99640 = $265.70
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Cheers,
Stan H.