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A $200,000 life insurance term policy costs $150 for 5 years of coverage for a 30...

A $200,000 life insurance term policy costs $150 for 5 years of coverage for a 30 year old male. If the male dies during those 5 years, the insurance company pays their family $200,000. If he survives those 5 years, the insurance company will have collected the $150 premium. The insurance company knows a 30 year old has a 0.000176 probability of dying over 5 years. What is the expected profit for the insurance company on this policy?

Math   Statistics-And-Probability   
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