Generally, if them using the data collected about me results in me having access to the product at a low price or for free, I’m fine with that 🙂

For instance I’m glad to have access to Google’s search engine, without having to pay. This can only happen because I am providing them with data which they deem to be valuable.

In regards to this passage: “A guarantee that the data will be kept secure” – how does one guarantee this? Accidents will happen – there is as of yet no system which 100 percent safe.

About the last four points you make: this seems to me like quite an expensive endeavour for a business to undertake. This would undoubtedly raise the price of the product and this would have to be absorbed by the consumer. I doubt that most consumers would see this as a preferable trade-off – this is just speculation though.