Comment on Why is it apparently cool and fine for insurance companies to spend countless billions, trillions of our money constantly buying ad time?

UsernameHere@lemmings.world ⁨11⁩ ⁨months⁩ ago

For an insurance company to exist it has to spend less covering claims than it collects in payments.

Otherwise they end up bankrupt.

If you got back every dollar you spent on insurance, there would be nothing left over to spend on staff or any other part of their business.

This means anyone with insurance is better off taking their payments and saving it for when they need something covered.

Insurance is a scam.

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