> If you are wondering why the insurance company would write such a contract, it was originally designed to be like a savings vehicle back in the 80s. I've hea

> If you are wondering why the insurance company would write such a contract, it was originally designed to be like a savings vehicle back in the 80s. I've heard this defense before, but it's not really very good. Even in the 80s this would have been a ridiculously stupid contract. Letting people invest with hindsight is fundamentally flawed, even if you think it would be "difficult" to get information then. It's not like this contract depends on realtime changes. You could easily have exploited it just as well with a daily call to your broker. The person who wrote this was a colossal idiot.