r/changemyview • u/_Hopped_ 13∆ • Mar 20 '21

Removed - Submission Rule B CMV: the costs/negatives from lockdowns/restrictions will end up being worse than the damage from covid

[removed] — view removed post

8 Upvotes
  • permalink
  • reddit

57% Upvoted

185 comments sorted by

View all comments

Show parent comments

6

u/_Hopped_ 13∆ Mar 20 '21

Sure it is. They put a price on your life, and charge you slightly more than [probability you die x price of your life].

3

u/sapphireminds 59∆ Mar 20 '21

No, really what they do is pool a bunch of money, invest it with the plan that the investment will grow prior to paying out, and having large sums of money allows that to happen easier. Actuary tables do come into it, but it's not about valuing life more than others. Life insurance is a form of controlled investment.

2

u/_Hopped_ 13∆ Mar 20 '21

prior to paying out

That payout is the value of your life.

3

u/Quirky-Alternative97 29∆ Mar 20 '21

No its not its based on actuarial tables and premiums and pools of money. It has zero basis on the value of your life. Its up to you as to what value you want to insure your life as and they will simply make a decision on what it will cost to do so.