(Get Answer) – Would You Buy Term Life Insurance Given The Negative Expected Value

Question Description

Maybe you have considered buying a term life insurance policy. The expected value Of any term life Insurance policy yields a positive expected value for the insurance company and a negative expected value for you. Meaning the insurance company will make profits by selling their insurance products. Would you still buy term life insurance? Why as why not? Are there any other examples other than the insurance that use this same concept?

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