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A life insurance company offers a whole life policy that pays a death benefit of $100,000 if the insured dies within the next 20 years.

A life insurance company offers a whole life policy that pays a death benefit of $100,000 if the insured dies within the next 20 years. The company charges an annual premium of $1,500 for this policy. If the probability of a 40-year-old male dying within the next 20 years is 0.02, what is the expected profit or loss for the insurance company if it sells this policy to 10,000 40-year-old males?

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