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How do you solve this insurance rates question?

A non-profit organization called SafeLife wants to offer low cost, term life insurance to the residents of Oregon. If the organization needs to make a 5% profit on their insurance policies to pay costs, how much should they charge a 30 year-old woman for $200,000 of 20 year term insurance? Below is part of the survivorship table Survivorship to different ages (out of 100,000) (Age)(Males alive)(Females alive) 20_98,541_____ 98,983 25_97,834_____ 98,746 30_97,147_____ 98,466 35_96,423_____ 98,108 40_95,525_____ 97,586 45_94,209_____ 96,776 50_92,224_____ 95,530 55_89,270_____ 93,737 60_85,227_____ 91,220

Public Comments

1. 2936 of every 100,000 30 year old women will die before they reach age 50 per your tables. what percentage of these women will buy insurance from your company? what percentage will not renew after 20 years? what percentage will let it lapse after 5, 10, or 15 years? if only one woman buys insurance from you, and she dies after one year, you will lose money. you need a lot more information to make a good actuarial table besides just death years