It’s easy to understand how something like car or home insurance makes a profit, since it’s not guaranteed that those will be destroyed. It’s more of a gamble. But everyone dies eventually, so it’s a certainty that you’ll have to pay out money. So do you pay more money into life insurance than you actually get out of it, making it less effective than just saving money?
submitted by /u/Soggy-Regret-2937
[link] [comments]
r/NoStupidQuestions It’s easy to understand how something like car or home insurance makes a profit, since it’s not guaranteed that those will be destroyed. It’s more of a gamble. But everyone dies eventually, so it’s a certainty that you’ll have to pay out money. So do you pay more money into life insurance than you actually get out of it, making it less effective than just saving money? submitted by /u/Soggy-Regret-2937 [link] [comments]
It’s easy to understand how something like car or home insurance makes a profit, since it’s not guaranteed that those will be destroyed. It’s more of a gamble. But everyone dies eventually, so it’s a certainty that you’ll have to pay out money. So do you pay more money into life insurance than you actually get out of it, making it less effective than just saving money?
submitted by /u/Soggy-Regret-2937
[link] [comments]