Regarding this article I would like to say is that rather than thinking what negative things can happen to us and wasting our time (& money) it would be better if we spend our time thinking something which is constructive & positive and keep our trust in god almighty, for what will happen if the insurence co. which has insured you goes bust ? How can you trust the insurance company more than God almighty ? and there is no limit of what can be insured .....so better have faith in God almighty and sleep in peace.
RE:Specious Reasoning...........
by subuhi on Mar 11, 2005 06:30 PM Permalink
I agree in keeping the trust with almighty God. God forbid if something happens there are just 2 things that will work 1: Either your money works 2: Charity works
the article was alright except for the skepticism. the author seems to be misleading when he says that you lose ur insurance money if u don't die within the insured period(whatever that means). i thought u got a decent return on ur insurance investments. maybe i was wrong??
RE:equivocal???
by Abi on Mar 11, 2005 04:33 PM Permalink
Hi You are right when u say insurance is a good vehicle for investment. But the primary aim of insurance is to ensure that enough money is available to the insured person during crisis.
Basically, you are asking the insurance company to bear your costs in case of a crisis. The premium that you pay is just the fee you have to pay to transfer your risk to the insurance company.
