What are the Odds?
The whole insurance business is a numbers game, based on the odds of something happening... or not happening. Probabilities. Statistics. Tables. The average life expectancy for U.S.
adults is currently 77.2 years. It's 74.4 for males and 79.8 for females. It also varies by race and other factors. In 1900, the average life expectancy was 47.3 years. Imagine having a mid-life crisis at 23.5!
In this article we're going to take a quick look at how well you know your odds, and more importantly, at what you can do right now to improve them.
Knowing Your Odds
Q. Let's start with an easy one, but one most of us would rather not answer: What are the odds that you're going to die?
A. 1 in 1. 100%. You know, that whole death and taxes thing... inevitable.
Q. How does this compare to winning the lottery?
A. Your chances of winning big in the lottery are somewhere between 1 in 7 million and 1 in 80 million, depending on the game and number of players. Translation: you are slightly more likely to win the lottery than you are to live forever. But only slightly.
Q. What are the odds that you'll die by accident or injury?
Read Full Article.
The articles in the journal are intended to assist consumers with insurance selection and policy related questions.
We hope that you find them valuable and hope to see you again soon!
David N. Thompson
President & CEO
E-Insure Services, Inc.
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