3 ms·
There's religions that get exemptions from "insurance required" laws because they view it as gambling. They often do a mutual assurance bonding thing instead.
by h2odragon 3y ago
There's religions that get exemptions from "insurance required" laws because they view it as gambling. They often do a mutual assurance bonding thing instead.
Insurance companies use a whole different kind of statistics than many of the other sciences do; "actuarial science." "Statistics" is all about making your numbers appear to support your hypothesis, whereas actuarial is about finding the data hidden in those numbers.
- DoreenMichele 3y agoI worked in insurance. I'm not crazy about insurance, actually. If you can find another means to cover your needs, I recommend you go with that. If you can't, there are scenarios where insurance makes sense. Example: If you want life insurance solely to cover your funeral, just do a prepaid funeral. If you have dependent minors, ideally you should have life insurance to help them should you die.
- dctoedt 3y agoI tell my students that insurance is simply a backup pot of money — that I doubt very much that, say, Bill Gates carries any kind of insurance at all, because he has other assets that he can use for any conceivable human need.
- m463 3y agoI believe the amish don't use insurance. They also don't do social security (although I'm uncertain if they pay, or just don't use it)
- sgerenser 3y agoSelf employed Amish are exempt from social security taxes. I did not realize it until searching, but Amish employers are not exempt per a 1982 Supreme Court case: https://www.ssa.gov/OP_Home/rulings/oasi/45/SSR82-44-oasi-45.html https://www.ssa.gov/OP_Home/rulings/oasi/45/SSR82-44-oasi-45...