Interesting; I could never stomach actuarial textbooks well enough to gain much more than a high-level view of this industry. So higher-price policies are highe

Interesting; I could never stomach actuarial textbooks well enough to gain much more than a high-level view of this industry. So higher-price policies are higher profit? I had always assumed the higher prices reflected the higher risk to the insurer, and even in a competitive market I would assume that the profit margin per policy would be roughly comparable between different types of policies.