[dalore]

So life/death insurance is silly?

No, insuring against an inevitability isn't silly because there are other factors to consider. Like when the inevitable occurs. Insurers are taking a risk that you put more in before that happens.

[maxerickson]

Lots of times insurance companies only end up making a profit from investing (that is, they pay out more in claims than they take in premiums but make up the difference by investing wisely).

[sjg007]

Life insurance is really only necessary for surviving spouses and children.