[geeks] Insurance, and Why I Hate It (long)

[David Jellison]

you have the choice with life insurance of a term life or a cashvalue plan,
why then dont we force them to give us the same options with car's?
1. you still pay in the same ammount per month
2. the money you pay in collects in a managed investment account, you pay
some service fee to the account managers, the company gets to keep 60% of
the earnings from investing( for overhead) they will also take 60% of the
loss.
3. if you reck your car, and it's less then what you have pay'ed in then
you'r account covers the bills and you start over with what your left with,
if it's more then your account is wiped out, and you start with whatever
negitive $ you are left with, but your monthly dose'nt change, and can only
be adjusted based on the same critera that is used now to deturmin your
rates.
would this work?
----- Original Message -----
From: "Tom Borton" <tborton at usa.net>
To: <geeks at sunhelp.org>
Sent: Tuesday, March 19, 2002 11:09 AM
Subject: RE: [geeks] Insurance, and Why I Hate It (long)


> I like the idea of your system, but there are two related conditions
> that keep me relatively content to pay some forms of insurance:
> 1. Insurance for things over which I have no control.  I can be
> sure that I maintain my cars and drive safely, but I can't force
> everyone to.  And everyone - list members excepted, of course - has
> their stupid moments.
> 2. Insurance to make sure that I can't be bankrupted because other
> people fail to be responsible for their actions.
>
> Going without insurance is a gamble that everyone else will deal
> responsibly with you and can afford the responsible remedy for something
> they have done unto you.
>
> That's the theory - the mercenary tactics employed by some companies to
> maximize their profits, as noted by others earlier, are the real reason
> people don't like insurance.  It's the companies, not so much the
> concept, that (justifiably) cause wide-spread hatred.
>
> Tom
>
> -----Original Message-----
> From: geeks-admin at sunhelp.org [mailto:geeks-admin at sunhelp.org]On Behalf
> Of Michael A. Turner
> Sent: 19 March 2002 13:35
> To: geeks at sunhelp.org
> Subject: RE: [geeks] Insurance, and Why I Hate It (long)
>
>
> I have never understood the logic behind insurance myself.
> Follow
> this train if you will. I am paying a compnay, basically laying a bet,
> that
> I will most likely get into an accident, or injure myself,  before the
> amount I have payed is larger than the amount I will recieve in benefits
> from said accident or health problem.
> I fully believe that people do the things that they work
> towards. If
> you tell yourself all the time you are no good at math eventually you
> will
> be no good at math. It seems like everytime I pay that insurance premium
> it's like a reminder to go out and hurt myself. This would seem to
> suggest
> that Insurance causes accidents.
> I believe we need to find a system that goes the other way, that
> I
> am betting that I will stay safe and healthy. I have, unfortunatly, not
> been
> able to find a model for this that works. The big issue I found in this
> revised model is the fact it would now be in the best interest of the
> insurance comapny to hurt you... As untrustworthy as those bastards are
> I
> definatly do not want them to have a reason to wack me in the head with
> a
> bat....
>
> Michael A. Turner
> Systems Engineer
> WHRO
> michael.turner at whro.org
> http://www.whro.org
> _______________________________________________
> GEEKS:  http://www.sunhelp.org/mailman/listinfo/geeks