[muzani]

I used to say insurance was a form of gambling, but it's really just planning around worst case scenarios (dying before I can save for kids' education).

Annuities sound like the actual gambling, lol.

[auxym]

Annuities are like insurance against the worst case scenario of outliving your savings (longevity risk).

[pontifier]

If they pay you until you die, you're not likely to care that they stopped paying you.