Are there other examples other than insurance that uses this same concept?

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.
1. Would you still buy the term life insurance? Why or why not?
2. Are there other examples other than insurance that uses this same concept?

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