How does life insurance work?
Life insurance, like all insurance, is a form of gambling1. In this instance, what you’re gambling on is how long you will live. You are betting that you will die before you have paid more money in premiums than you receive in pay out on your death. The Insurance company is betting that you will live long enough to pay more in premiums than they will pay out on your death.
The insurance company usually wins. This is because they use very detailed actuarial tables to get a very good idea of how long you are likely to live, and charge you premiums accordingly.
That said, it is sometimes a good idea to get life insurance if you are in a higher risk situation, as winning that gamble could mean a lot to those who survive you.
1 It is a gamble compared to taking your premium amounts and just sticking them in a savings account that you won’t withdraw from until you’re dead. Generally, this strategy would end up paying out more than the life insurance does, hence the life insurance company generally ends up “winning”
like imagine if you’d never seen a dog and you saw a saint bernard and you were like, what’s that and then someone was like, thats a dog. and then you saw a chihuahua and you were like ok whats that and they were like, that’s a dog. wouldn’t you feel lied to? wouldn’t you sense that something was amiss
so i’ve been experimenting with ways to make the axolotls’ feeding less messy and i found these tiny candleholders that looked perfect but
i put food in one for moony and he keeps biting the sides and going all around it and he can’t figure out that the food is INSIDE
i think he thinks the food is underneath this mysterious new rock HE’S SO FRUSTRATED IT’S THE FUNNIEST THING I’VE EVER SEEN HE KEEPS LOOKING AT ME LIKE WTF IS THIS
UPDATE HE FIGURED IT OUT BLESS HIM