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So life/death insurance is silly? No, insuring against an inevitability isn't silly because there are other factors to consider. Like when the inevitable occur
by dalore 14y ago
So life/death insurance is silly?
No, insuring against an inevitability isn't silly because there are other factors to consider. Like when the inevitable occurs. Insurers are taking a risk that you put more in before that happens.
- maxerickson 14y agoLots of times insurance companies only end up making a profit from investing (that is, they pay out more in claims than they take in premiums but make up the difference by investing wisely).
- sjg007 14y agoLife insurance is really only necessary for surviving spouses and children.