Those who are good at calculating odds and chances recognise that life insurance is a "sure thing". This is how it sounds in betting lingo:
"Let's say the Life Company will guarantee, for a small monthly fee,that you will live to 100 years.
If you do,you win.You get back all the fees you've paid.
If you don't,you win.For the Life Company will be penalised and will pay 2 or 3 or even 10 more times than what you've paid to them."
The fact of the matter is that as long as a policyholder pays his premiums on time,in the even of death,the Sum Assured will always be much more than the premium paid.
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