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Physical Sciences and Mathematics Commons

Open Access. Powered by Scholars. Published by Universities.®

Utah State University

2009

Statistics and Probability

Insurance

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Cow Insurance Vs. Human Insurance: A Comparison Study, Corlan Fawcett Jan 2009

Cow Insurance Vs. Human Insurance: A Comparison Study, Corlan Fawcett

All Graduate Plan B and other Reports, Spring 1920 to Spring 2023

This paper will compare the premiums to insure cows and humans for n-year term, n-year endowment, and whole life insurance. It will go into more depth for whole life premium s that would be charged, such that the insurance company is 95 percent confident that they will not lose money. In particular the paper will look at how the variance affects the premiums for an insurance company insuring 100 cows.