How does life insurance make a profit if it’s a guarantee that everyone dies? Do you pay more into it than you get out? /u/Soggy-Regret-2937 No such thing as stupid questions

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?

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?