Risk Analysis - Life and Health Insurance vs Gambling
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This page contains dozens of short articles that will help you quickly understand international insurance. For example, terminology, purchasing details and managing your insurance coverage are topics that are all covered within these articles. Choose an Article From the Topics Below

Compare Health and Life Insurance to Gambling

WHAT DOES IT COST TO BE UNINSURED?
WHY INSURANCE IS IMPORTANT
THE DIFFERENCE BETWEEN GAMBLING AND INSURANCE
GOOD HEALTH IS MORE IMPORTANT THAN GOOD HEALTH INSURANCE
WHY AMERICANS WANT INTERNATIONAL HEALTH COVERAGE
WHEN IS THE BEST TIME TO GET HEALTH INSURANCE?
DON’T COUNT ON ALWAYS BEING HEALTHY! (Importance of International Health Insurance)

IMPORTANCE OF INTERNATIONAL HEALTH INSURANCE

THE DIFFERENCE BETWEEN GAMBLING AND INSURANCE

Risk is the possibility (uncertainty) that a loss might occur, and it is the reason people buy insurance. Some people think the risk you take with insurance is the same as the risk involved with gambling.

The risk in gambling is "speculative" risk. Gambling creates a risk situation that offers an opportunity for gain as well as for loss. Insurance deals with "pure" risk. With pure risk there is the possibility that a certain event will occur, e.g., accident or sickness.

What is the difference between insurance and gambling? The purpose of insurance is to restore the insured to his original position, not to afford the injured person the possibility of making a profit. There might be gain in gambling. In insurance there is no possibility of gain.

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