In the old forum we had a discussion on how Amway relies on anchor bias to rope people in with, brainwashes its distributors and is run as a cult. In the meantime I have been thinking that life insurance companies are also run as a cults. They brainwash their staff and customers. Life insurance present themselves as altruistic organisations, when they are just running large scale betting shops.
Recently a local library assistant retired at the age of 76. In all that time she has had life insurance deducted out of her superannuation, because,
"Just in case something happened to me."
She is walking away with far less superannuation than she would otherwise have. not just for the life insurance deductions but also for smaller compound interest than she would otherwise have.
I don't know how anyone can be so dogmatic. Why don't people think for themselves?