Reply #126: Not so fast. [View All]

[Cleita]

Life insurance has always been a candy store for insurance companies. By the time people pay into life insurance in a lifetime, they would have been better off saving the money and accumulating the interest. What the life insurance company will pay in a death benefit is a paltry sum compared to what they earn off a person in their lifetime. The calculated risk is when a young person dies unexpectedly and they have to ante up. Watch those policies dry up when some guy goes into the army dudring wartime or has a end stage disease or a dangerous job. Even Lloyds won't touch many of those.

And you just made my point about health insurance. Insurance companies don't belong in health care.