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> He's pointing out (correctly) that this is an entirely cosmetic abstraction layer on top of life insurance. Life insurance is provided by extremely conservat
by Daniel_Newby 14y ago
> He's pointing out (correctly) that this is an entirely cosmetic abstraction layer on top of life insurance.
Life insurance is provided by extremely conservative, highly diversified investment companies.
> Notice how you responded much, much more viscerally to this emotional, novel perk ...
Yeah, with nausea that employees are expected to gamble something so important on ... AdSense.
- tedunangst 14y agoLife insurance is provided by anyone willing to pay your survivors a death benefit.
- deleted 14y ago[deleted]
- Daniel_Newby 14y agoYeah, like Enron or Lehman Brothers or General Motors. The point is that betting on your employer is a bad idea when it comes to insurance products and especially annuities. If you want your kids to have financial support if you die, you owe it to them to buy policies from more than one conservative insurance company. The whole point of insurance is to defray risk, not get a handsome payout.