Posted: September 23rd, 2022

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.

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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? Find other examples other than insurance that uses this same concept (i.e. expected value)
Initial Post Guidelines: Support your thinking in the initial post with academic sources. Paraphrase the information from the academic sources (Don’t copy and paste!). Cite the information you took from the academic sources and provide a reference list of the academic sources you used in your initial post.

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