Quote:
Originally Posted by the_tyrant
You know, for the majority of people, if you stash the amount of money you spend on insurance throughout your life, statistically, it would be more than the amount that your insurance company pays you!
Think about it like this: There are people out there who pay car insurance their whole life, but has never gotten into an accident or gotten their car stolen. The whole concept of insurance is based on the fact that everyone contributes, but only a small minority actually needs it (with a bit left over as profit for the insurance companies). Thus, statistically, you are better off keeping the money you pay to insurance to yourself.
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Yep, it has to work that way, otherwise the cost of insurance would need to go up. But everyone really thinks they can pay $50 a month for insurance and receive $300 a month in benefits... it just won't work.