Life Insurance Miranda decided to buy a $50,000 term life insurance policy from Palmetto Insurance Company to cover her until she is 55. She is currently 50 years old and in good health. The probability of death in a given year is provided by the Social Security Actuarial Life Table. = Age 50 51 52 53 54 P(Death at a Given Age) 0.0032 0.0035 0.0038 0.0041 0.0044 1. Fill in the expected cost to Palmetto Insurance Company for each year Miranda has the policy. Age at Death 50 51 52 53 54 Expected $ S Cost 2. The insurance company wants to make a profit of $500. How much would they need to charge for the policy? $