Post Utme Mountain Top University 2025 Commerce Question 15
Practice objective / multiple choice question 15 from the 2025 Post Utme Mountain Top University Commerce examination.
A business owner purchases a life insurance policy with a premium of ₦100,000 per annum. The policy pays a benefit of ₦500,000 in the event of the business owner's death. What is the insurance company's expected loss if the business owner dies after 5 years?
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About This Question
This is Post Utme Mountain Top University 2025 Commerce Question 15. It is one of the objective questions from the 2025 Post Utme Mountain Top University Commerce examination.
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