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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum
GLD 396.31-0.6%Dec 31 4:00 PM EST
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To: TobagoJack who wrote (54572)9/7/2009 4:50:29 AM
From: Maurice Winn1 Recommendation  Read Replies (1) of 218882
 
When pondering how much money I might need before my demise, the better to decide when to quit working and increase enjoying, some imponderables soon became dominant.

Life is notoriously subject to change without notice even for apparently healthy people, though there are some good statistics on known knowns.

It's clear that some insurance and collectivism is needed so that more people can do more relaxing at a younger age instead of all working like slaves until they are 80 on the chance that they will be the lucky one to live to 100 and maybe even 110.

When everyone works like slaves until 80, most of them are dead before they quit working [or, more precisely, they die at the same time that they quit working].

That means fewer get to be SKIing parents [Spending Kids Inheritance] and more money goes to useless layabout spendthrift beneficiaries of the estates while the old geezers work themselves into their graves.

There is a major business opportunity for securitization of such bundled actuarialism. It is not only not evil, it is a great good waiting to be done. If I wasn't so lazy, I would have started such an insurance company a decade ago. People could quit earlier, secure in the knowledge they'd have funds available until their demise, be it tomorrow or in 60 years time when they are 123.

It's a $trillion opportunity.

Mqurice

PS: When elderly, it would be wise not to go for walks too close to the offices of the company which has bet that you will die sooner rather than later.
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