How much company pay out during year policies were written


The insurance company has written 50 policies for $125,000, 100 policies for $55,000, and 250 policies for $5000 for people of age 20. If experience illustrates that probability that the person will die at age 20 is 0.0011, how much can company anticipate to pay out during year policies were written.

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Mathematics: How much company pay out during year policies were written
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