It would be quite risky for you to insure the life of a 25-year-old friend . There is a high probability that your friend would live and you would gain $875 in premiums. But if he were to die, you would

lose almost $100,000. Explain carefully why selling insurance is not risky for
an insurance company that insures many thousands of 25-year-old men.

Similar Questions

clown bot helpwhy do courtship behaviors usally happen in response to season changes? Responses. To insure that mating does not
1. 1 answer
clown bot helpwhy do courtship behaviors usally happen in response to season changes? Responses. To insure that mating does not
1. 1 answer
Why did Roosevelt’s New Deal insure bank deposits?(1 point) Responses to discourage risky lending practices to discourage
1. 1 answer
clown bot helpwhy do courtship behaviors usally happen in response to season changes? To insure that mating does not interfere
1. 1 answer