That industry isn't a scam though. Life insurance companies have at least some capacity to balance their books by selling annuities or lifetime mortgages. The n

That industry isn't a scam though. Life insurance companies have at least some capacity to balance their books by selling annuities or lifetime mortgages. The number and magnitude of life insurance claims is dwarfed by the hundreds of thousands of pensioners every year that are converting their accumulated wealth to income at paltry rates.