Insurance A 65-year-old woman takes out a $100,000 term life insurance policy. The company charges an annual premium of $520. Estimate the company’s expected profit on such policies if mortality...

Insurance A 65-year-old woman takes out a $100,000 term life insurance policy. The company charges an annual premium of $520. Estimate the company’s expected profit on such policies if mortality tables indicate that only 2.6% of women age 65 die within a year.