Insurance is something religions forbidden.Because all religions preach contentment.The money in your insurance does not belong to you and is considered stealing.
Originally posted by gila24:Insurance is something religions forbidden.Because all religions preach contentment.The money in your insurance does not belong to you and is considered stealing.
your thinking is very twisted.
In the past, each individual take care of their own health and money. But each individual wealth is limited.
Hence people start to pool the money together to create funds, so that if a person is in need he will be take care of.
Insurance comes about when a group of people within the community has pool together their money to help some1 who is in need.
Insurance company is just the agent or person appointed to take care of the money.
The money comes from the community where fellow policy holder.
Originally posted by gila24:Insurance is something religions forbidden.Because all religions preach contentment.The money in your insurance does not belong to you and is considered stealing.
at the end of the day is how your insurance agent sell it lor....I mean if he start to put God into the policies...to make you think than it become an issued. I had an insurance agent when it comes to problems on policies he cannot be found always left message that he is in Church meeting......
It's pretty much gambling really.
Just that the winner is the one who dies first.
And the loser is the one who lives the longest.
Originally posted by Lokey:
your thinking is very twisted.In the past, each individual take care of their own health and money. But each individual wealth is limited.
Hence people start to pool the money together to create funds, so that if a person is in need he will be take care of.
Insurance comes about when a group of people within the community has pool together their money to help some1 who is in need.
Insurance company is just the agent or person appointed to take care of the money.
The money comes from the community where fellow policy holder.
You do realise that the funds pooled are used for investments, not kept in reserve right?
They're not as altrustic as you make it sound.
Originally posted by Stevenson101:
You do realise that the funds pooled are used for investments, not kept in reserve right?They're not as altrustic as you make it sound.
You money is worth less Today than Yesterday, of the insurance company have to invest
Originally posted by gila24:Insurance is something religions forbidden.Because all religions preach contentment.The money in your insurance does not belong to you and is considered stealing.
What religion is this?
Islam?
But even in Islam I think they launch special products.
Anyways, I believe insurance can be helpful.....because insurance companies calculate the risks.....meanwhile our real risk cannot be calculated....so when you buy an insurance product....you shift the risk to them....to anticipate special events.....