In Reply to: Not to belabor this thread any longer, but posted by Tom Oliver on January 14, 2000 at 08:51:53:
to protect your family from what will be a big enough tragedy if it should happen without being compounded by immediate financial crisis too. I did not intend to suggest otherwise!
But it is still fundamentally a "bet" calculated using exactly the same statistical principles casinos use to program slot machines. I guess you are in a line of work that doesn't deal with such matters on a daily basis, so like most people you don't really think about it that way.
I'll stop belaboring now :-)