Which results in an expected policy life

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Reference no: EM133931788

Problem

Kevin's Agency sells an insurance policy offered by Wildhorse Insurance Company for a commission of $109 on January 2, 2025. In addition, Kevin will receive an additional commission of $12 each year for as long as the policyholder does not cancel the policy. Get the instant assignment help. Based on Kevin's significant experience with these types of policies, it estimates that policyholders on average renew the policy for 4.5 years, which results in an expected policy life of 5.5 years. It has no evidence to suggest that previous policyholder behavior will change.

Reference no: EM133931788

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