Insurance: Is it a scam or nah

Joshua Sanchez said:
The gun analogy works because guns are something rarely used in terms of self defence (obviously I'm not counting using guns to straight kill someone else) insurance is the exact same way. I'm well aware of the faults of insurance companies but as I said it's better to have it than to not have it and foot a bill 4x the insurance amount.
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sounds like a sales pitch....

transfer of emotion


creating a need specifically for the product you are trying to sell through fear......

and still a gun is property you own. you do not continue to pay on it, for life.

if a gun costs like $1,200 you save up, you buy it, it's yours....


they don't give you $10 payment for life that raises every year for...."reasons"

i mean if after 30 years you paid over $4,000 for a gun you never used.....would that not seem like you just got got??
 
what if you moved into a high risk neighborhood and your gun payments jumped to $25 a month
 
got a wife, kids, more shit to protect

gun payments are now $75
 
you're older now. the likely hood that you can defend yourself without a gun has dropped dramatically

gun payments $100 a month
 
Savage Du said:
sounds like a sales pitch....

transfer of emotion


creating a need specifically for the product you are trying to sell through fear......

and still a gun is property you own. you do not continue to pay on it, for life.

if a gun costs like $1,200 you save up, you buy it, it's yours....


they don't give you $10 payment for life that raises every year for...."reasons"

i mean if after 30 years you paid over $4,000 for a gun you never used.....would that not seem like you just got got??
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Savage Du said:
what if you moved into a high risk neighborhood and your gun payments jumped to $25 a month
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Savage Du said:
got a wife, kids, more shit to protect

gun payments are now $75
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Wow, you're really trying your hardest to discredit why insurance is important. I'm arguing the practicality of insurance not the morality behind it, it's why I can explain what I'm saying in a few sentences and you have to make whole paragraphs to plead your case. That said, I'm already said my 2c and you aint buying so I'ma leave it at that.
 
Joshua Sanchez said:
Wow, you're really trying your hardest to discredit why insurance is important. I'm arguing the practicality of insurance not the morality behind it, it's why I can explain what I'm saying in a few sentences and you have to make whole paragraphs to plead your case. That said, I'm already said my 2c and you aint buying so I'ma leave it at that.
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it's a racket.....

a scam....

of course it can serve a purpose, but they go through great lengths and insane measures to try their best to avoid cashing in on those needs by any means necessary

it's not as simple as services rendered....

insurance has always done the absolute most to get the absolute most out of everybody, while providing them for the absolute least in return....

i'm over confident that the average person such an amount more into insurance than they ever receive it's nauseating .....


and the worse part is there really is no alternative that's not a complete gamble.....

there is always a huge profit in being able to provide a perceived necessity...and insurance in all it's incarnations exploit the shit outta this concept
 
Savage Du said:
however #1


that price is retarded.......it should not take 500 000 to heal a person......and even if it did.....i'm not a math person but they could have come up with a number that would cover the costs based on on how often they pay out......

put it like this.... if it's a 1 in 500 person chance you will get ill.....then yea, a g might make sense.....


but i'm willing to bet that they pay out something like 1 in 20-30 thousand....if that.....i mean who wants to vacation somewhere you gotta 1 in 500 chance of getting 500k type of sick.......that shit sounds like a disaster location.....

i'm quite sure you're goign somewhere great...super clean and sterile where it's damn near impossible that you get sick, i mean shit they pay insurance too.... it better be....

so if they paying out like every 1 in 20,000 (i have no idea how likely you are to get 500,000 sick.....but 1 in 20,000 sounds reasonabl...it might still be a little low though) meaning that they make like 20 million before they have to even pay out 500,000

which they might not even have to really pay out... cuz when you making like 20 million a year on insurance....yo prolly greasing palms with the nigggaz who said and will confirm medical costs cost 500,000 ...that shit prolly cost less than 1,000 forreal... i mean as funny as it sounds.....that's a much more liekly reality considering how much of a racket the shit is to begin with....


so basically they're making a fortune off of fear

i'm not a math person, so i don't know how exact my numbers are.... but i know crooks so i intentionally low balled.....they prolly make way more vs what they really pay out......that shit is criminal as fuck
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Well, let's think about it this way. Forget about any trips, just assume there is a small risk i might lose $500,000. I want to mitigate the risk. How?

One way is to share the risk with 500 other people in similar situations. Each of us has a 1/1000 chance of losing $500,000, which none of us can afford. But if we each chip in $1000, collectively we will be able to pay the $500,000 loss befalls on that unlucky 1/1000. (Knowing my luck, it might just be me :ohshit2:).

The decision is: do I want to lose $1000 for sure, or do I want to risk the .1% chance of losing $500,000, which would ruin me.
 
Whiskas said:
Well, let's think about it this way. Forget about any trips, just assume there is a small risk i might lose $500,000. I want to mitigate the risk. How?

One way is to share the risk with 500 other people in similar situations. Each of us has a 1/1000 chance of losing $500,000, which none of us can afford. But if we each chip in $1000, collectively we will be able to pay the $500,000 loss befalls on that unlucky 1/1000. (Knowing my luck, it might just be me).
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that's how they get you...

i understand why you pay it... but it's a racket.....

they make so much more than they pay out it's ridiculous.....and the only reason they tell you that 500 000 number is cuz they know you can't afford it and would gratefully pay 1000 to avoid it

again...how often do people get sick???

cuz i'm very sure you wouldn't go anywhere where every 500th person gets sick.....and it only takes 500 people to make up for 1 pay out....

how many people you think vacation there yearly without getting sick vs those who get sick

and not just any sick....500 000 sick??

i guessed 20-30 thousand but i again it could be every 100,000 people u never really know....

but what i do know is they making over 20-30 maybe even 50 million through that insurance before they pay out 500 000 ONCE

you think it would be your luck......imagine how many people feel the same way who never get sick......never......

the money they're taking in and not paying out is astronomical

crazy crazy hustle
 
Savage Du said:
that's how they get you...

i understand why you pay it... but it's a racket.....

they make so much more than they pay out it's ridiculous.....and the only reason they tell you that 500 000 number is cuz they know you can't afford it and would gratefully pay 1000 to avoid it

again...how often do people get sick???

cuz i'm very sure you wouldn't go anywhere where every 500th person gets sick.....and it only takes 500 people to make up for 1 pay out....

how many people you think vacation there yearly without getting sick vs those who get sick

and not just any sick....500 000 sick??

i guessed 20-30 thousand but i again it could be every 100,000 people u never really know....

but what i do know is they making over 20-30 maybe even 50 million through that insurance before they pay out 500 000 ONCE

you think it would be your luck......imagine how many people feel the same way who never get sick......never......

the money they're taking in and not paying out is astronomical

crazy crazy hustle
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From a pure math point of view, chances are, I lose. But the scale of the loss matters.

If the loss is $1000, I can absorb it. But a potential $500,000 loss is not something I can easily absorb without a significant impact on my long term financial health.

Yes, the house always wins and the insurance companies make sure they make money. But they also provide me with a method to mitigate a risk that I otherwise have no way to mitigate.
 
thing is the 500 000 is inflated as fuck....

which makes any reasonable person part with the 1 000 like its nothing....

it's strategic as fuck....

they prolly could still make a profit with it being only $50 a person...considering most people prolly only get like 3 000 sick to begin with....if anyone even gets sick...which is proly rare as fuck

they prolly had to pay the full 500 000 k out......never.......like ever.....i'm positive it's a scare number to get people to pay
 
Anonymous said:
thing is the 500 000 is inflated as fuck....

which makes any reasonable person part with the 1 000 like its nothing....

it's strategic as fuck....

they prolly could still make a profit with it being only $50 a person...considering most people prolly only get like 3 000 sick to begin with....if anyone even gets sick...which is proly rare as fuck

they prolly had to pay the full 500 000 k out......never.......like ever.....i'm positive it's a scare number to get people to pay
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Yeah, our healthcare cost is outrageous. That's another thread.
 
Whiskas said:
Yeah, our healthcare cost is outrageous. That's another thread.
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naw it's the same thing....the same shit....

we pay sooooooo much in health insurance because they charge soooooooo much for like every pill and service, and it's ridiculous.....


ridiculous......like they could easily make a substantial profit, by charging us a ridiculous amount less, but they up the prices to the highest amount allowable by law....

like they actually have laws to restrict them from charging too much, cuz they absolutely would.....

then to cover the costs.....insurance companies charge people retarrrrrrrrded amounts of money to pay for these over charged pills, and give doctors who are already obscenely paid....fucking bonuses to push and prescribe the already overly charged medicine that's being paid for by the overly charged insurance....

why you think so many people trying to heal thou herbs.....???

cuz god forbid you fall into a situation where you have no insurance.....

you...willl ....die


this is why obamacare and it's replacement is suck a big deal.....it's a direct reflection of how out of hand insurance has gotten.....

direct result...

if they get rid of obama care.....the sins of insurance could literally destroy our country.....

i mean they won't give a fuck...they stand to make even more money from like every case scenario......

the shit is a fucking racket
 
BNE said:
he been promising fights he aint delivered all day
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normally i don't address reaction pushers, but i'm curious as to how he explains this away..

goldie already bowed out by saying it's a businesses goal to make money....and while i respect the savagery of that statement, it doesn't make the extent they go to make that profit any less criminal...

shit's nauseating....and the explanations just expose how deep the deception goes

i wanna hear what he got to say...other than i'm wrong
 
BNE said:
I think in some areas u gotta weigh up if its worthwhile. if u wanna buy land instead of a life insurance policy, that's defensible. if u can afford to pay for drs appointments and take the gamble of paying for emergency surgery out of pocket, I guess forgoing health insurance wldn't be the dumbest thing in the world. if u traveling but the airline you're using refunds flight delays/missed connections and you aint carrying luggage, maybe you won't need travel insurance. if you can afford to buy your wife another ring, adding it to your home insurance might not be necessary. etc.

if u aint got alternatives lined up, insurance is needed. insurance companies might inflate the cost of individual things but that's also down to separate entities like pharmaceutical companies making certain meds cost a bomb. it may be a scam but it aint the only scam out there lol.
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it's the epitome of paying for convenience, only exploited to criminal extremes.....

the services rendered do not equate the way they charge it.......

in too many examples people pay way more into it than they will ever need as a result...and the number of people who pay in and never need it is far too frequent for them to be paying what they pay......

it's one of the greatest hustles in the world.....

if not the greatest....cuz even at their core mafia's charged for protection.......... every thing else grew from there
 
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