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24 October, 07:09

If juliet consistently buys health insurance for twenty years but never suffers a costly illness, were her premium payments wasted?

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  1. 24 October, 08:36
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    The answer is : no, if the safety of being insured was worth more to her than the monetary cost of the premium

    For example, you insured your child's medical cost in case of accident. Do you expect your child to get an accident so you can get your insurance payment? of course not
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