On: Health insurance companies are useless

[mattmcknight]

"Nope, health insurance isn't insurance because literally everyone will need access to health care at some point in their lives."

Do you then also not consider whole life insurance to be real insurance, because everyone dies?

[photojosh → mattmcknight]

I have whole life insurance. It's for a fixed amount, which would pay off the house with a little extra so my family would be okay.

And importantly: once you get to a certain age the premiums start going up significantly, and you can't get it past a certain age IIRC is 65 on my policy.

[ceejayoz → mattmcknight]

Everyone dies, but not everyone who does so needs life insurance.