Asked by Charlene Coleman on Jun 20, 2024
Verified
An insurance company uses the mortality table below to calculate its risk when writing life insurance policies. 
If this company insures 12,000 54-year -old men,how many are expected to die before they reach their 55th birthday?
Mortality Table
A statistical table showing the rate of death at each age, used by insurers to calculate premiums and by actuaries for statistical assessments.
Life Insurance Policies
Contracts with an insurance company in which the company pays a designated beneficiary a sum of money upon the death of the insured person.
- Calculate expected outcomes using mortality tables in insurance risk assessment.
Verified Answer
AN
Learning Objectives
- Calculate expected outcomes using mortality tables in insurance risk assessment.