Zeev's Turnips Patch-No Politics (ZEEV)

[Zeev Hed]

I have not done a detailed study of these numbers, but whomever is retiring now (at least a solid 80% of them) is getting a raw deal after paying for 45 years into the system. Few people that get early benefits due to disability and other causes are getting a better deal, but that is the nature of an insurance system. I must have paid a solid $75,000 in car insurance of the years and another $40,000 in home insurance which using the same metrics would have a current value of at least $300,000 and $160,000 respectively, and even though one of my kids (which I insured) had his car totalled earlier this year (no fault of his, his was not even moving in the traffic jam), I doubt that the total cost to all insurance companies involved will exceed $10,000. Of course, other situations may cost the insurance companies hundred of thousands, but that is what insurance is about.