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A comment on Woman makes $420k by buying insurance on flights she predicted would get delayed. Parent comment

Re:Woman makes $420k by buying insurance on flights she pred... by FireBeyond on Monday June 15, 2020 @02:09PM (#23530838)
> Buying insurance on something you already know is going to happen or not is fraud, plain and simple.

Better cancel all life insurance policies then.

Buying insurance on something you're going to cause to happen (cut down a tree so it falls on your car, leave flammable substances in a hazardous place in your home) is fraud.

Buying insurance on things you think are likely to happen isn't inherently fraud.

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Re:Woman makes $420k by buying insurance on flights she pred... by LorenPechtel on Monday June 15, 2020 @02:51PM (#23531400)
You don't know it's going to happen. Life insurance is about when you die, not if you die.

Or else it's a tax scheme where you only profit based on the tax-free nature of life insurance proceeds.

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