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Originally Posted by MSD
If I'm going to die young, I want to be "the guy who got hit by a helicopter."
If it pays out in almost all cases, how do life insurance companies make money? Are there people who pay more in premiums over their lives than their survivors get paid? All I ever see are ads for multi-hundred-thousand dollar policies for $20 a month.
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not many people have life insurance, if they do it's just a term policy, and those generally don't pay out since most people survive the term.
whole life is expensive and while it pays out it is also an investment vehicle for some.
AD&D (accidental death & dismemberment) only applies if you buy it or covered by it via your employer and that also doesn't happen often compared to the premiums.
jazz, please correct my assumptions of what I believe I know and understand of insurance.
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