Moonlover Posted December 3, 2023 Share Posted December 3, 2023 4 minutes ago, pomchop said: Life is a gamble. Maybe you live to 100 and you can be sure the insurance company hopes you keep paying those premiums for a long long time. Their rates are based on expectations/odds and are set accordingly always giving the "house/insurance company" a bit of an edge as they are in it to make $$ and the longer you live the happier they are. Some beat the odds and some don't but like a casino the insurance company over time will always win. You obviously haven't read my earlier contributions to this thread. On 12/1/2023 at 2:47 PM, Moonlover said: I disagree. All insurance is a gamble And as far medical insurance goes as one gets older the 'Law of Diminishing Returns' becomes more and ever more applicable. Surviving serious intervention as one ages becomes much more of a struggle and can make life, for many unacceptable. Which is why I prefer an Advance Directive (Living Will) to a medical insurance policy. (They're also much cheaper) Link to comment Share on other sites More sharing options...
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