A 45 yr old man who takes blood pressure meds will likely be turned down

[SoCalDem]

for medical insurance or life insurance, or will have to pay such a high premium, he decides he cannot afford it. If he gets a life insurance policy, he may have a "waiting period" before full benefits would be paid..


BUT


AIG saw nothing wrong with issuing "insurance" for the hinkiest of deals, failed miserably, almost tanked the world economy, and end up being rewarded by having taxpayers bail them out..over and over.

My 65 yr old husband with diabetes would love to see if AIG could offer him such a "deal" so he could get some life insurance..

Maybe I'll call them :rofl:

[Marrah_G]

1. Blood pressure meds are not a big deal these days with Life insurance

And type 2 diabetes is also much less of a problem then it used to be in getting life insurance.

AIG's life insurance division is actually the one part of AIG that is doing well and is not in financial crisis.

[Stinky The Clown]

2. What you say is true

But I think the OP intended her remarks more along the lines of a parable.

[Marrah_G]

3. I know, I know !

I just couldn't help myself!

(I work for a life ins brokerage)

[nichomachus]

6. Yeah, but try getting health-care insurance

I was turned down because I took hay fever meds. Hay fever is an automatic disqualification.

[Marrah_G]

8. health insurance I would not know about.

[unblock]

4. the difference, of course, is the comparative lack of upside potential

healthcare premiums are a nice steady business with excess profits, but you can't leverage them to the hilt and multiply them.

those risky derivatives, on the other hand, reaped ginormous profits, at least until they didn't. but the beauty of the annual bonus is that those who make the decisions get their money out in real-time, and simply move on to the next job when things go bust.

[radfringe]

5. just asking

If I screw up do I get a bigger bonus?

[SoCalDem]

7. But of course!!

The sky's the limit.. The $1.5 million bonus check's in the mail..



disclaimer:..it's a post-dated WaMu check :rofl: