this post was submitted on 06 Oct 2025
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A cut, sure, but the whole fuckin thing? (lemmy.dbzer0.com)
submitted 3 days ago by Stamets@lemmy.dbzer0.com to c/whitepeopletwitter@sh.itjust.works
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[–] ridethisbike@lemmy.world 11 points 2 days ago (1 children)

I've never heard of this. Why should I run?

[–] andyquest@sh.itjust.works 16 points 2 days ago (1 children)

The price of insurance only covers the statistically predicted amount of payoffs to all people insured plus a profit. If you're building a cash value, then that's priced in, with more profit priced in for them on the equity youve built. You're better off pocketing the difference.

[–] buttnugget@lemmy.world 4 points 1 day ago

Right, I would assume it’s an investment vehicle with the extra margin built in. This is why insurance should only be in the largest pools with no profit interference and only the lowest administrative overhead possible.