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0 pointsnappy4y ago0 comments

Unless I'm missing something here, this is insurance, not lending.

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2 comments · 1 top-level

christopherwxyz4y ago· 1 in thread

Both products are lotteries with premiums.

nappyOP4y ago

They are categorically different. The issuer of an insurance policy does not bear risk upfront. Insurance policies are not collateralized.

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