About Salman Khan
Salman Khan is the Founder, Executive Director, and Faculty of the Khan Academy, whose mission is to provide a free world-class education to anyone, anywhere. He has worked for both hedge funds and Fortune 500 companies and holds an MBA from Harvard Business School, where he was the president of his class. He also attended MIT, where he received three degrees: a Masters in Electrical Engineering & Computer Science, a B.S. in Electrical Engineering & Computer Science, and a B.S. in Mathematics.More Topics Explained
About CNBC Explains
CNBC Explains dissects the complicated economics of our world — everything from stocks and corporate balance sheets, to international trade and government policy. We are pleased to feature the work of Salman Khan, founder of the Khan Academy, as well as the reporting of CNBC anchors and editors. Each short video explains a complex topic using a unique digital interface and easy-to-understand style that simplifies even the most arcane topics.
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Life Insurance and Death Probability: CNBC Explains
Published:
Thursday, 15 Sep 2011 | 4:29 PM ET
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By: CNBC Explains
For life insurance companies, understanding how much to charge for term life policies is important to ensure, statistically, that profits and payouts can be made. To do this, the company must understand the likelihood that a policy holder would die while being insured. How is this breakeven point calculated? Salman Khan of the Khan Academy explains.
From this video you will understand:
- How death probabilities factor into life insurance premiums
- The way companies identify their breakeven points on life insurance
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