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re: Life insurance questions\advice
Posted on 10/2/17 at 4:09 pm to GenesChin
Posted on 10/2/17 at 4:09 pm to GenesChin
The TL;DR version of the above (worth reading IMO though)
-The cost of insurance pays for reduced volatility that isn't financially quantifiable in deterministic scenarios
-Some people's priorities are stabilizing expected financial outcome by reducing risk rather than maximizing expected financial outcome, this is the justification of buying insurance
-There are diminishing returns for money
-There are tax advantages for some people that cause them to buy insurance
-The cost of insurance pays for reduced volatility that isn't financially quantifiable in deterministic scenarios
-Some people's priorities are stabilizing expected financial outcome by reducing risk rather than maximizing expected financial outcome, this is the justification of buying insurance
-There are diminishing returns for money
-There are tax advantages for some people that cause them to buy insurance
This post was edited on 10/2/17 at 4:11 pm
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