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Re:The Investor Class Hates Pensions by gwright on Monday March 05, 2018 @05:59PM (#16525346)
Annuities and life insurance is how an individual gains access to the risk pool you are describing.
Re:The Investor Class Hates Pensions by dragontamer on Monday March 05, 2018 @06:03PM (#16525374)
Or pension plans. Which essentially combine an Annuity with a Retirement Fund.

Life Insurance is weirder. Its more about leaving money left over for your family, especially if you die earlier than expected and your family will need a source of money to sustain themselves after losing you.