Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Q3. An insurance company has a life insurance policy, which have 10,000 clients, each client pays 200 yuan per year. If the client died in

image text in transcribed
Q3. An insurance company has a life insurance policy, which have 10,000 clients, each client pays 200 yuan per year. If the client died in this year, the company paid out the beneficiary of 10,000 yuan. The mortality rate for the client is 0.017, and what is the probability of the insurance company will deficit in this year

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image_2

Step: 3

blur-text-image_3

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Financial Accounting For MBAs

Authors: Peter D. Easton, John J. Wild, Robert F. Halsey, Mary Lea McAnally

3rd Edition

0978727932, 978-0978727932

More Books

Students also viewed these Accounting questions

Question

5. Explain how ERISA protects employees pension rights.

Answered: 1 week ago

Question

8. Describe the main retirement benefits.pg 87

Answered: 1 week ago