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What is the difference between life assurance and gambling?

In: Life Insurance [Edit categories]

Answer:

If you mean life "insurance," a full life policy will always pay off, but you won't ever see he money. Only the beneficiaries will see the money. A term policy will pay off if you die within the policy period, but most people use term policies as temporary policies until they get a permanent policy.

In gambling, you are trying to determine what you think the outcome of some event will be, and in the long run, you will always lose.

Additionally, life insurance policies normally have a cash value and can be surrendered at any time. In gambling, there is no cash value. Once you lose, that money is just gone.

First answer by Robbiev. Last edit by Robbiev. Contributor trust: 129 [recommend contributor ]. Question popularity: 1 [recommend question].

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