On Thu, 8 Sep 2005, David Van Horn wrote:

>> What happens if you go to an insurance house, they tell you for how 
>> much they'd insure you if they would (but don't), and then go to the 
>> bank and arrange for that exact sum to be diverted monthly into a 
>> checking account earmarked for that purpose ? Yes I know the premiums 
>> would not cover a major emergency in the close future. But what about 
>> later ? After all, if statistics work for the insurance company, why 
>> would they not work for you ?
>
> Half the time, the disaster will happen in the first half of your 
> policy, when you are under-capitalized.

But for most insurance policies there is a buffer time during which you 
pay and get nothing until the paid sum reaches a certain significant 
limit. So what's the difference ?

Peter
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