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I think most people have a very minimal amount of capital accumulated. Life insurance exists to help their family not starve if they unexpectedly die. Its opt i
by solotronics 8y ago
I think most people have a very minimal amount of capital accumulated. Life insurance exists to help their family not starve if they unexpectedly die. Its opt in which totally makes sense to me. I pay for it because it costs basically nothing for me as a healthy young person and it would provide a nice windfall for my girlfriend if for example my plane fell out of the sky.
- perl4ever 8y agoWe have survivors' benefits from Social Security in the US. The logical thing to do, from my perspective, would be to make the existing government program designed to insure everyone cover people sufficiently. Given that baseline, the market for life insurance doesn't matter so much.