An insurance company plans to sell a $200,000 one-year term life insurance policy to a 60-year-old female. Of 2.5 million females having similar risk factors, the company estimates that 5000 of them will die in the next year. What is the premium that the insurance company should charge if it would like to make a profit of $150 on each policy?
◦ $400 per policy
◦ $550 per policy
◦ $40 per policy
◦ $190 per policy
◦ $250 per policy