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From: warren@ihnss.UUCP (Warren Montgomery)
Newsgroups: net.women
Subject: Re: Car insurance is not a pension
Message-ID: <2081@ihnss.UUCP>
Date: Tue, 29-May-84 10:51:37 EDT
Article-I.D.: ihnss.2081
Posted: Tue May 29 10:51:37 1984
Date-Received: Fri, 1-Jun-84 21:35:17 EDT
References: <3807@tekecs.UUCP>
Organization: AT&T Bell Labs, Naperville, IL
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Ah, but insurance and annuities (the form most pensions take) are
both very similar gambles.  With a pension, the company bets that
you will die before collecting very much of your reward, while you
bet that you will live long enough to make it worthwhile.  The stake
is the money that you and/or the company contributed while you
worked.  Pensions and life insurance are in fact two sides of the
same gamble, while car insurance is just a little different.

In both cases, it is claimed that sex biases the fair odds, which is
why this arose in net.women.  As I said in my last note, where
gambling is involved, particularly involuntary gambling (like
insurance required by law), I don't think that there can be any
solution which everyone will see as fair.

-- 

	Warren Montgomery
	ihnss!warren
	IH x2494