Annuity Lie: You Die and the Insurance Company Profits

Here is a secret about insurance companies, a secret that puts everything in perspective. Insurance companies do not make decisions based on individuals; they make decisions based on a large pool of people. Their tool? The Commissioners Standard Ordinary Mortality Table, known as CSO. The statistical table allows insurance companies to know exactly how many people nationally in a specific age group will die. It is not a guess, it is pure science.

By |2020-04-13T18:34:57+00:00November 16th, 2013|Annuities|