A term life insurance policy will pay a beneficiary a certain sum of money upon death of the policyholder. These policies have premiums that must be paid annually. Suppose an 18-year old male buys a...

A term life insurance policy will pay a beneficiary a certain sum of money upon death of the policyholder. These policies have premiums that must be paid annually. Suppose an 18-year old male buys a $250,00 1-year term life insurance policy for $350. There is a 0.998734 probability that the male willsurvive the year. What is the expected value of the policy from theperspective of the male purchasing it. (include units). Interpret this in the context of the problem.