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No. You don't know, that you'll die before the average time on which people die that was used to calculate the insurance fees.
by mxscho 6y ago
No. You don't know, that you'll die before the average time on which people die that was used to calculate the insurance fees.
- oceanswave 6y agoSo it’s more like gambling then, but if you beat the house, that’s fraud
- saxonww 6y agoIn this case, the better analogy would be beating the house by exploiting a flaw in slot machines that you knew about because you used to work for the manufacturer.
- codingdave 6y agoThat isn't how whole life insurance works. You are thinking of term life insurance. Whole life is basically an investment package that invests your premiums and pays out to your beneficiaries upon death.
- deleted 6y ago[deleted]