By this reasoning, shouldn’t a life insurance company be willing to sell you life insurance and defer the premium paid until you die?
Yes, an insurance company should be allowed to take, as payment, a portion of your estate when you die. One instance of this is known as a “reverse mortgage”.
But there’s not much point to buying insurance if they payout comes from your own assets.
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By this reasoning, shouldn’t a life insurance company be willing to sell you life insurance and defer the premium paid until you die?
Yes, an insurance company should be allowed to take, as payment, a portion of your estate when you die. One instance of this is known as a “reverse mortgage”.
But there’s not much point to buying insurance if they payout comes from your own assets.