@vaporeon_ @wallhackio @aescling i imagine they report it to the insurance company as the justification for treatment (so the insurance will pay for your therapy) and then the insurance company tells the other insurance companies

@Lady @vaporeon_ @wallhackio @aescling I don't think health insurance companies talk to life insurance companies...

@The_T @vaporeon_ @wallhackio @aescling why wouldn’t they

@Lady @vaporeon_ @wallhackio @aescling conflict of interest, and hipaa violations...

@The_T @vaporeon_ @wallhackio @aescling in order to apply for life insurance you have to sign over the right for them to access your medical records

@The_T @vaporeon_ @wallhackio @aescling like sure maybe it’s not literally life insurance company talking to health insurance company but the information is in your medical record because the health insurance company requires it and then the life insurance company acquires those records

but also i would completely believe that they just ask your health insurance company

@Lady @vaporeon_ @wallhackio @aescling oh ok, that's fair

life insurance always seemed like a scam to me because why would you bet someone else you're going to die, that's a terrible wager

and also I don't have friends or family!

@The_T @vaporeon_ @wallhackio @aescling i mean my partner is unemployed and we have a mortgage now which needs to be paid every month for the next 30 years or we lose our house so like, that’s why

i’m not saying i am actually going to get life insurance but i get it; it’s not betting, it’s insurance

@The_T @vaporeon_ @wallhackio @aescling the better option in most cases is sticking that money in savings but it still leaves your partner in an uncomfortable position of needing to sell the house and downsize in the middle of mourning to stretch the savings longer until they can figure out a long term plan

@The_T @Lady @vaporeon_ @wallhackio @aescling For what it's worth, Matt Levine's Money Stuff had a somewhat related piece back at the end of April:

"If you buy term life insurance, it will probably be underpriced. The annual premium that you pay for 20 years of life insurance is less than 1/20th of the actuarial value of the insurance; the insurance company will, in expectation, lose money over the life of the trade. Why does the insurance company do this apparently irrational trade? Because the insurance company has actuarial data not just about when you’ll die, but also about when you will stop paying premiums. And it turns out that insurance customers are also pretty irrational: They tend to let insurance policies lapse sub-optimally; they stop paying the premiums before the policies expire, so the policies are canceled and the insurers keep the money. The insurance company will offer you a positive-expected-value trade for you, because it expects that most of its customers will not make positive-expected-value choices. But if you are very rational, this is a good deal for you. (Not financial advice!)"

(He goes on to talk about how some places recognized they could buy life insurance for strangers, pay the premiums reliably, and turn a profit, though that is now harder because, well, insurers don't like it.)

Anyway, I guess the answer is that in fact it may not be a terrible wager, if you want to give money to people when you die. Though if you don't care what happens when you're dead - you likely won't care *then*, anyway - then sure, no real point to it.

@aschmitz @The_T @Lady @vaporeon_ @wallhackio huh

@The_T @Lady @vaporeon_ @wallhackio hipaa is reactive, not purreventative, and not exactly a devastating penalty anyway, so it is fairly often violated anyway lol