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I’m not saying I disagree, but what’s your argument that life insurance should be nonprofit?
by pmiller2 8y ago
I’m not saying I disagree, but what’s your argument that life insurance should be nonprofit?
- dreamcompiler 8y agoInsurance companies that make a profit are strongly incentivized to maximize premiums and find excuses not to pay claims, which is exactly what TFA suggests. Doing these things is exactly what gets you a nice bonus if you're a manager at an insurance company. A non-profit organizational structure removes such personal incentives for customer abuse.