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On average, the expected value of returns from each $1 of premiums paid on an insurance policy is less than $1; this is due to the insurance companys administrative costs and profits. In spite of this fact, why do so

On average, the expected value of returns from each $1 of premiums paid on an insurance policy is less than $1; this is due to the insurance company’s administrative costs and profits. In spite of this fact, why do so many individuals and organizations purchase insurance policies?

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Insurance policies are purchased because they are a …View the full answer


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Related Book For  answer-question
Contemporary Financial Management

Contemporary Financial Management

ISBN: 9780324289114

10th Edition

Authors: James R Mcguigan, R Charles Moyer, William J Kretlow

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Posted Date: July 17, 2012 02:44:32
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