Comment on How to protect yourself when a single event throws your life off course?
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17 Mar 2022, 01:51 AM
One question that hasn’t been solved for me as yet.
Person A takes insurance in his 40 without any disease. Assume he get some serious disease in 42 and take heavy claim. Now, in 45 when renewal time will come. It won’t make any financial sense for insurance company to renew as they will be aware that next claim will come soon and there is no real ROI in insurance premium. Why will they renew? It may happy in 40 or 60 age. But this situation will come at some point. What do you suggest, how do companies deal ?