JIMINOK,
I don't disagree with you at all. . .it's kind of why a lot of insurance is just a failed concept (yet in a way, makes America go around being the largest lobbying group on Capitol Hill).
You get insurance to protect from catastrophes.
The major catastrophes that a person will likely suffer are loss of health and/or disability. Those catastrophic events are hard to insure (for whatever reason) and probably while ultimately we should just fire the co.'s in business and make it a welfare state.
If industry was doing a good job, that'd be another story.
Term life insurance is an exception to the rule - for pennies, you get $1000's in coverage.
With health and disability, for $1000's, you get pennies in coverage.
Last edited by Scanner : 04-08-2008 at 02:51 PM.
Reason: typo
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