> You are misunderstanding what insurance is for. The benefit that insurance conveys for the person insured is not that it is supposed to make money. It is risk

> You are misunderstanding what insurance is for. The benefit that insurance conveys for the person insured is not that it is supposed to make money. It is risk avoidance. I buy a lottery ticket as an insureance against the risk that I won't become rich if the right lottery number become picked. :-)