Any insurance, be it car, house, life. It's all scams. You're essentially paying someone legally to bet on your behalf, and than getting a pittance of a payout. That's ONE problem. The more annoying problem, is rapid hyper inflation in whatever industry is touched by insurance. Car insurance for example, a small light bulb used to cost a few cents to replace. Now, you need to buy the entire casing, the wiring, and it costs 1200$ not including labor. This is because you only pay the deductible, so everyone and their mother can skimp from the top. Same with homeowners insurance. A simple home inspection is 500$. In 1955, getting a deed/house title notarized and approved was 1$ …. I know because I saw a historical document to that effect. Thanks jews! A true blessing to the world /s
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[–] [deleted] 1 point 1 point 2 points (+2|-1) ago
[–] KobeBurger ago
No, mine was underwritten after I passed a full health screening. I die, it pays. The only way it wouldn't pay is if I committed suicide in the first 2 years, or don't pay the premiums. That 2 years was done over 10 years ago, and I'm not going to miss paying a $25 premium. The insurance you're talking about is either whole life or universal life, good if you have the bucks for it, for most people, they just need term insurance to cover a period of time of debt.