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Fear

Life Insurance: An Oxymoron

Although there may be many reasons, there is no purely rational reason for ever taking out insurance. In other words, taking out insurance is a fear-based, irrational decision. Essentially, you are betting against yourself. That is how the insurance companies make money, they make you bet against yourself and they take the other side. Statistically, they make sure the odds are at least 51% – 49% in their favor. They are playing off your fear and statistically, they win you lose, the majority of the time. Continued »