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...the total number of average claims that could have been paid if they hadn't spent money on the prime time TV commercial featuring actors and pro athletes, etc

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[-] KittenBiscuits@lemm.ee 2 points 1 week ago

Exactly. They want to bring in exponentially more premiums than what they spend on advertising, and the new premiums are what provides the cash to pay other policy claims. It's really kind of an accepted form of Ponzi scheme. They are gambling that they will find enough people who will never need to make a claim in order to afford the few that do.

this post was submitted on 13 Nov 2024
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