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A comment on Woman makes $420k by buying insurance on flights she predicted would get delayed. Parent comment
"Financially, they behave almost identically to options. But that's not the intended use for the product."
It is absolutely the 'intended purpose'.
It just so happens, for some products, there is a 'humanist element' i.e. fire/life/home, but it's still a financial instrument.
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"Financially, they behave almost identically to options. But that's not the intended use for the product."
It is absolutely the 'intended purpose'.
It just so happens, for some products, there is a 'humanist element' i.e. fire/life/home, but it's still a financial instrument.