Discussion » Questions » Finance » What are some common misconceptions about the insurance* industry? ~
Randy D

What are some common misconceptions about the insurance* industry? ~

*Homeowner’s, life, health, automobile, renter’s, etc. 

Posted - October 12, 2019
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Responses


  • 1812
    A lot of people think they care. 
      October 12, 2019 6:17 PM MDT
    2

  • 44603
    That you are in good hands. As long as you can fill those hands with lots of money.
      October 12, 2019 8:09 PM MDT
    3

  • 46117
    MIS conceptions.  That is a truth.  
      October 12, 2019 11:08 PM MDT
    2

  • 46117
    That it's a good idea.  

    I never had insurance ever my whole life till I turned about 55.  I never needed it either.  Except car insurance, of course.  
      October 12, 2019 11:10 PM MDT
    2

  • 6988
    I never believed in life insurance that costs $20 per month could someday pay out a half million dollars, even with compounded interest over 50 years. This post was edited by B.H.Wilson at October 13, 2019 8:04 AM MDT
      October 13, 2019 1:34 AM MDT
    2

  • 44603
    'Whole life' for $20? I've never heard of that.
      October 13, 2019 7:31 AM MDT
    1

  • 17592
    What Wey said.
      October 14, 2019 4:04 PM MDT
    1