The probability that a nondrinker will die in the coming year is 0.001%, and the probability that a severe alcohol abuser will die is 0.050%. Find the fair premium an insurance company should charge for a $500,000 one-year term policy if it believes that 95% of its customers will be nondrinkers and 5% will be severe alcohol abusers. The loading for sales commissions, other operating expenses, and profit is 30% of each premium dollar. You may ignore investment income.