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Two business partners carry 15 year term life insurance. The insurer pays 100, 000 for each partner who dies?

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.

Public Comments

1. there's no corrilation, there are too many variables not discussed in your problem