Anyone?
You pay money periodically. If a defined event occurs, you get a large payment.
If you were sure that you would not die for a certain period, you could take the monthly payment and invest it somewhere else and make some money with it. As Mack tells us, over 30 years you could make a bundle with modest monthly payments.
But here's the catch. If you die before the 30 years are up, you are left only with your accumulated value of you alternative investment. If you want a guarantee of a certain payment, no matter when you die, you have to buy insurance.
When you do so, the insurance company is taking a risk that you will die before your payments and interest add up to enough to pay your settlement. Perversely, you are betting that you will die before that is the case.
How can anyone say this is not a financial wager?
SD
After. Duh.
SD
This is true of any insurance, not just life insurance.
Mack, you wanna make money, we should start our own insurance company.
(courtesy of IMRight)
In John 9, John talks about Jesus healing an ill man on the Sabbath, while the pharisees bash him with the second commandment ("Thou shall keep the Sabbath Day holy"), Jesus stands by His actions...
HE INTERPRETED SCRIPTURE DIFFERENTLY THAN WHAT THE BIBLE CLEARLY SAID, NOT REBELLIOUS, BUT SMART.