>If a company offers insurance for $120, the company benefits by making $20 * 1000 and the individuals benefit by removing variance from their life. More like

>If a company offers insurance for $120, the company benefits by making $20 * 1000 and the individuals benefit by removing variance from their life. More like they offer you the insurance for $99.99 and make money by having $99.99 * num_customers sized chunk of money to play with (i.e. invest into things). But yeah, your general comment is correct.