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/biz/ - Business & Finance

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56851350 No.56851350 [Reply] [Original]

when you buy life insurance you are shorting your own existence

>> No.56851375

Yes but it's a hedge, you are still net long by existing and trying to make your life better

>> No.56851376

>>56851350
Kind of profound if you came up with that on your own.

>> No.56851396

>>56851350
that's not what insurance means

keep your stupid thoughts on twitter

>> No.56851439

>>56851350
this is why walmart hires old people
> In 1993, Wal-Mart adopted a corporate owned life insurance (“COLI”) program through which the company would purchase life insurance policies for its employees. Wal-Mart funded the policies, at no cost to the employees. The policies provided benefits of $5,000 to $10,000 to the decedents’ beneficiaries, with the remainder of the policy amount paid to Wal-Mart. By 2000, as the result of new regulations, Wal-Mart had discontinued the COLI program.

> Rita Atkinson and Karen Armatrout worked as a rank-and-file Wal-Mart employees paid hourly wages. Neither opted out of the COLI program and Wal-Mart obtained life insurance policies upon both. Atkinson died in 1996. After payment under her policy to her estate, Wal-Mart received the remainder of the benefits totaling $66,048.70. Armatrout died in 1997 and Wal-Mart received $72,820.30 in benefits under her policy.
https://theinsuranceproblog.com/wal-mart-steals-human-life-value-from-employees/

>> No.56851750

>>56851376
came up with it in the shower

>> No.56851757

>>56851396
>that's not what insurance means
do the math retard

>> No.56851758

>>56851350
AI is magic

>> No.56851776

>33
>never paid for life/health insurance except one year in college when I was force to against my will
>intend to continue not having insurance until I'm in my 50s
>at which point I'll get a shitty government job just for free benefits
Eat my shit insurance companies. I'm not paying money for no service. Fuck everyone else's premiums and rates.

>> No.56852630
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56852630

>>56851758
indeed

>> No.56853333

>>56851375
came here to say this it's a hedge.
Obviously, you spend way more of your money on your continued existence than you do on health/life insurance.

Every investment that you hope benefits you, or benefits you directly, is essentially longing 'you'.

Now, if you put all your money into someone else, lived on almost nothing, *and* had life insurance that would pay out to said other person... Now you're shorting yourself. And the insurer should be extremely sus.