Mr. Sampson is 58 years old. In three years, his house will be paid off and his son will be finished with college. He wants to take out a ten-year level-term
life insurance policy with a face value of $300,000. The monthly premium is $55. If he dies after paying for the policy for 16 months, how much does the
insurance company gain or lose? (If it is loss write answer as a negative number.)