A life insurance company sells a $250,000 one-year term life insurance policy to a 52-year-old male for $520. The policy states that the beneficiary will receive a sum of money upon the death of the policy-holder. If the probability that the male will survive the year is 0.99791, what would be the expected value of the policy to the insurance company? (Hint: you need to think about the insurance company's profit or loss on this one policy for each scenario.) -$2.5 $520 -$124,480 -$249,480 $250,000