The purpose of life insurance is supposed to be to replace your lifelong earning potential for someone who was depending on it (if you're raising a kid, eg), and most people's lifetime earning potential has been trending down from what they were expecting https://twitter.com/Lexialex/status/1317927771297828864 …
It usually does work out for them because the odds of having to actually pay out in the first several decades of life are so low and the lapse ratio is so high
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It worked out that way for my sisters. I think all of them cashed out as soon as they were able. One may have lapsed. But it’s been a boon for me.
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The "lapse ratio" is the biggest thing that makes you cynical about insurance if you know the industry, that the eggheads absolutely do know and legally have to take into account how many customers will just give up on paying premiums and get nothing out of the policy
End of conversation
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