2 ms·

I used to say insurance was a form of gambling, but it's really just planning around worst case scenarios (dying before I can save for kids' education). Annuit

by muzani 4y ago

I used to say insurance was a form of gambling, but it's really just planning around worst case scenarios (dying before I can save for kids' education). Annuities sound like the actual gambling, lol.

pontifier 4y ago
If they pay you until you die, you're not likely to care that they stopped paying you.
auxym 4y ago
Annuities are like insurance against the worst case scenario of outliving your savings (longevity risk).