Some guy selling insurance pretends that you can sell/buy insurance as the train is crashing.
Before one even reads the article, you know the concept is flawed, in general, because insurance has to be a net loser to buyers in order for it to have force / value. Therefore, the concept must be related to something else, like just changing the timing of the payments one would otherwise make under "level pay" assumptions.
Of course, anyone fool enough to want to compound a sudden change in financial circumstances with a sudden decline in well-being is welcome to buy just-in-time insurance.
(btw, does anyone dare to publish the financial strength rating of the firm that would sell such insurance?)
Monday, September 24, 2007
Just-in-Time Health Insurance
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