We’ll always have the cheese shop!
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oh, yeah. you gotta getcha wazzo covered. getting things stuck up a wazzo is big problem up there in the Minnesota and Wisconsin.
I wonder what the overhead is like in life insurance.
For the hypothetical extreme where it’s zero; the actuarial logic presumably supports the same ratio of premiums to payout regardless of the absolute size of the premium; so the payout would be modest; but not different in proportion compared to more expensive plans.
In the real world, I assume that the cost of keeping an account on file and collecting the premiums makes very low value policies unviable; but if you can keep books efficiently you might still be able to offer life insurance policies with fairly low values successfully.
There seems to be a lot more (mostly horrific) data on overhead in health insurance than in life insurance, though, so I don’t know where the point of futility actually is.
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I’d assume that one dollar a month would be completely unviable, and even a single yearly $12 payment would have enough taken out in processing fees and other overhead that it would only be viable if they rarely paid out and when they did it was likely less than if the customer just stuck the money in a basic savings account.
It’s cool. I’m in Washington. Wazoo is legal here.
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When it’s specifically about spelling, I’ve seen it called Muphry’s Law.
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Yep. When he says, “by the time you’re 70, you get a nice plan” he is describing how whole life insurance works, not health insurance. Reportedly this Gerber baby life insurance commercial runs all the time on fox news. Its $1/week rather than $1/month but otherwise spot on.
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Which is all even WORSE news for those of us with pre-existing conditions. A congenital heart defect means I’ve never been able to get life insurance for myself. I already can’t get money for my family when I die, I’d like to be able to stay alive.
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I wonder if it was a dollar a month back in the '80s - mentally Trump seems stuck there, so I wouldn’t be surprised if he remembered that, but he also consistently mis-remembers or misunderstands things, so that would make sense, too. I mean, on top of getting it wrong that it’s about life insurance, not health insurance, which is rather a significant fuck-up.
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At the same time I’m not going to hold him to an artificially low standard. If you decide to bluster through something and you don’t have the chops to do that successfully you end up looking like a total idiot. If I decided to join a conversation about 1984 as if I had read it but give away through my ignorance that I haven’t, I’m going to look stupid or pathetic.
Trump should have learned by now he’s a shitty liar, but he’s too oblivious and/or wealthy to pick up on or be given the cues he would need.
I’m tempted to say, “Stupid is as stupid does.” I will probably avoid revealing that I have never watched Forrest Gump by doing so.
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