Old 04-13-17, 06:57 AM
  #46  
rpenmanparker 
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Originally Posted by rpenmanparker View Post
Nobody loses on insurance. Nobody wins. You aren't buying a specific compensation that you may or may not receive. You are buying the protection and peace of mind. If you in fact received the protection (no reason to assume otherwise), then you got what you paid for whether you ever get compensated for a loss or not. Your belief is the classic misunderstanding about insurance.
And this is the same misunderstanding about immediate annuities. You don't win if you live 40 years more. You don't lose if you die tomorrow. In each case you got what you paid for, guaranteed income until the day you die. No matter how short or long you live, you cannot outlive your money. That isn't for everyone, but it isn't about winners or losers. And after you die, what difference does it make. If you want money for your heirs, it isn't for you.
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Originally Posted by LAJ View Post
No matter where I go, here I am...
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