math
posted by TJ .
A 28yearold man pays $192 for a oneyear life insurance policy with coverage of $150,000. If the probability that he will live through the year is 0.9989, what is the expected value for the insurance policy?

I have not done actuarial science, but I would be tempted to calculate it as
192/(10.9989)=$174,545.
I wonder how the number 0.9989 was calculated.