Re:The Terrifying Reality of Long-Term Unemployment
by enraged_camel on Monday April 15, 2013 @07:56PM
(#5555306)
>>Of course there are risks. That's why we carry insurance.
Which also has a cost... You are not negating risk by buying insurance. You are simply offloading it to another party and paying them money on a regular basis. At the end of the day, it's still an expense.
Re:The Terrifying Reality of Long-Term Unemployment
by anigbrowl on Monday April 15, 2013 @09:33PM
(#5555639)
That's right. It's economically more efficient for me to pay someone $1000 a year in order to be covered for most eventualities, because I estimate my annual risk at a bit higher than 0.3%.
Which also has a cost... You are not negating risk by buying insurance. You are simply offloading it to another party and paying them money on a regular basis. At the end of the day, it's still an expense.