The long island life insurance company sells a term life insurance policy if the policyholder dies during the term of the policy the company pays…

The long island life insurance company sells a term life insurance policy if the policyholder dies during the term of the policy the company pays $100,000. if the person does not die the company pays out nothing and there is no further value to the policy. the company uses actuarial tables to determine the probability that a person with certain characteristics will die during the coming year. for a particular individual it is determined that there is a 0.001 chance that the person will live and the company will pay out nothing. The cost of this policy is $200 per year. Based on the EMV criterion Should the individual by this insurance policy? How would utility theory help explain why a person would buy this insurance policy?