Maybe you have considered buying a term life insurance policy. The expected value of any term...

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Maybe you have considered buying a term life insurance policy. The expected value of any term life insurance product 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 the term life insurance? Why or why not? Are there other examples other than insurance that uses this same concept? This is not a question asking your opinion about whether or not you would buy life insurance! It is a question about Expected Value. In your response, you will need to discuss Expected Value and its calculation, however it is related to your post. Maybe you have considered buying a term life insurance policy. The expected value of any term life insurance product 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 the term life insurance? Why or why not? Are there other examples other than insurance that uses this same concept? This is not a question asking your opinion about whether or not you would buy life insurance! It is a question about Expected Value. In your response, you will need to discuss Expected Value and its calculation, however it is related to your post.