Two business partners carry 15 year term life insurance. The insurer pays 100, 000 for each partner who dies within 15 years, and 0 for each partner who does not die within 15 years. The remaining lifetimes of the two partners are independent and each are uniformly distributed on [0, 15]. Determine the moment generating function of the total amount the insurer pays for the partners.
Archive for December, 2009
Two Business Partners Carry 15 Year Term Life Insurance. The Insurer Pays 100, 000 For Each Partner Who Dies W
Thursday, December 31st, 2009In America, What Happens If You Need Urgent Medical Treatment And Don’t Have Insurance?
Thursday, December 31st, 2009If you don’t have medical insurance and you are—for example— involved in a serious car accident and require extensive, major surgery, what happens?
Surely, a Doctor under Hippocratic Oath cannot refuse treatment. Yet, what if the individual clearly has no money or insurance and the treatment costs many thousands of dollars to save his or her life.
I’m just curious (I don’t live in America obviously).
Thanks.