This is the view of an insurance as the reversed loan, where you pay the loan before you get the principal paid out. It guess the "perfect insurance" could be o

This is the view of an insurance as the reversed loan, where you pay the loan before you get the principal paid out. It guess the "perfect insurance" could be obtained by reversing the reversed loan? In case of something catastrophically happening, you are simply guaranteed a loan (with fair interest rates). To me, the aspect of redistribution is important in insurance. The acceptance that the world is chaotic and we can not predict all the bad luck that might happen to us. Hence, I pay for yours bad luck, if you pay for mine.