The expected monetary value of life insurance to the insured is, if used as directed, always zero!
I don’t understand this sentence. Are you saying that money is of no use to the dead? There’s a very real sense in which this is not true: people do have preferences as to what happens to their money after they die. If they didn’t, they wouldn’t write wills.
I don’t understand this sentence. Are you saying that money is of no use to the dead? There’s a very real sense in which this is not true: people do have preferences as to what happens to their money after they die. If they didn’t, they wouldn’t write wills.
Money is of no use to the dead. But reliable guarantees about how wealth will be distributed after death is something the living value.