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

[Tom Borton]

I'll go for it - where do we sign up?

Oh-oh - is this starting another game of questions?

Tom

-----Original Message-----
From: geeks-admin at sunhelp.org [mailto:geeks-admin at sunhelp.org]On Behalf
Of David Jellison
Sent: 19 March 2002 15:40
To: geeks at sunhelp.org
Subject: Re: [geeks] Insurance, and Why I Hate It (long)


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?