the trick with insurance is to exaggerate the risk way higher than it actually is.
promote the fear that the exaggerated risk will occur.
then offer to carry the exaggerated risk for a financial consideration.
all the while writing into the agreement such weasel words that you can escape making any payouts for the eventuality of the actual risk.
ponzie schemes are illegal in australia but insurance and superannuation are scams of high profit for some.
