Quote:
Originally Posted by murraypaul
Financially, they are still a very good deal for the companies selling them, and therefore must be a bad deal (purely financially) for those buying them. It is a zero sum game, if the finance companies are making money, it is because on average they are charging more than they are paying out.
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That's true of any insurance policy, of course. Eg, in 30-odd years I've never made a claim on my house contents insurance, or on any travel insurance policy. I'm the sort of person that insurance companies love
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