@ Goody
2025-03-08 16:31:22
The insurance industry is one of the most lucrative businesses in the world, built on a foundation of fear, deception, and manipulation. It presents itself as a guardian of financial security, promising protection in times of crisis. However, in practice, it operates like a government-backed extortion scheme, siphoning money from individuals and businesses while finding ways to avoid paying out claims.
Many people view insurance as a necessary evil—a required expense for responsible living. But very few stop to consider the true nature of the industry and how it functions not as a service, but as a well-oiled criminal machine designed to extract wealth from the population while delivering as little value as possible.
A Business Model Built on Exploiting Fear and Uncertainty
Insurance companies do not sell a product in the traditional sense. You don’t receive something tangible in return for your payments. Instead, they sell you a promise that if something terrible happens, they will be there to cover the costs. However, that promise is deliberately wrapped in vague legalese, riddled with loopholes, and ultimately designed to benefit the insurer more than the insured.
To make this scam even more effective, insurance companies exploit human psychology, knowing that fear is one of the strongest motivators. They bombard people with relentless messaging about the catastrophic risks of being uninsured—the dangers of driving without auto insurance, the financial ruin of an unexpected hospital visit, or the devastation of losing a home to a fire or natural disaster. Ask your local insurance person (if you think they would give you an honest answer) how many full payouts they have had to give out due to a complete loss over the past year, 5 years, since they have been selling insurance. You'd be amazed at how few that number really is.
But it doesn’t stop there. Other industries have caught on to this fear-driven strategy and now use insurance as the perfect scapegoat to justify absurdly inflated prices. Hospitals, auto manufacturers, homebuilders, and repair services all point to “rising insurance costs” among other things as the reason for their skyrocketing fees. A simple medical procedure that should cost a few hundred dollars now runs into the several thousands because “that’s what insurance pays.” Auto repairs that used to be affordable are now exorbitant because shops know insurers will cover part of the bill. The end result? A rigged system where businesses get richer while consumers pay more, not just in premiums, but in every aspect of life.
The truth? Insurance companies thrive on the fact that most policyholders will never need to file a major claim, and if they do, the company will do everything in its power to pay out as little as possible—or nothing at all.
**The Three D’s: Deny, Delay, Defend**
When it comes time for an insurance company to actually pay out a claim, they rarely do so without a fight. Instead, they deploy the Three D’s strategy—a well-documented tactic used to minimize payouts and maximize profits:
Deny the Claim – The first step is simple: find a reason, any reason, to reject your claim.
Did you miss a payment once five years ago? Denied.
Did you fail to report a minor detail when signing up for your policy? Denied.
Did they discover a tiny, unrelated pre-existing condition? Denied.
Delay the Payout – If they can’t outright deny your claim, the next step is to make the process as slow and painful as possible.
Endless paperwork requirements.
Requests for additional documentation (often things that were already submitted).
Long hold times when you call for an update.
The goal? Wear you down so you give up or settle for less.
Defend Against Lawsuits – If you decide to take legal action, the company will unleash an army of high-priced attorneys (another equally criminal organization with the same rules and laws applied) to fight you every step of the way.
They have billions of dollars available for legal fees. They will outlast you, knowing that most individuals lack the time, money, or energy to engage in a lengthy legal battle. This cycle repeats daily, with millions of policyholders becoming victims of the very companies they’ve paid to protect them. Where is the legal protection to protect you and me? NON-EXISTENT FARSE!
The Myth of the “Struggling” Insurance Agent
Insurance agents like to present themselves as hard-working individuals, just trying to make a living. They’ll tell you they’re not getting rich and that they only want what’s best for you. But make no mistake—there is no such thing as a "barely making it" insurance agent in the long run. Mine is constantly on FB telling of this trip to Mexico or some exotic island somewhere or someplace I would love to take my family someday but can never seem to afford it time or money.
Agents work on commission, meaning their income is tied directly to the number of policies they sell. This creates an incentive to push as many policies as possible, often using manipulative tactics.
They will upsell coverage you don’t need by playing on your fears.
They will gloss over exclusions and fine print, ensuring you only focus on the benefits, not the limitations.
They will push you into long-term commitments that make it costly to switch or cancel and have the "adjustor" and "company policy" as an scapegoat to ease their own conscience.
Meanwhile, at the top, insurance executives make obscene amounts of money while denying rightful claims to hard-working individuals. The CEOs of major insurance companies bring in tens of millions of dollars per year, all while raising premiums and reducing coverage for their customers.
Mandatory Insurance: A Government-Backed Extortion Scheme
One of the most damning aspects of the insurance industry is how it has embedded itself into government policy, ensuring that people have no choice but to participate in the system.
Car Insurance: Nearly every state requires auto insurance, even though the majority of drivers never file a claim. Meanwhile, insurance companies raise rates even if you never get into an accident.
Health Insurance: The government forces people to buy into overpriced health insurance plans that come with absurd deductibles, making them nearly useless for many policyholders.
Home Insurance: Mortgage lenders force homeowners to carry insurance, ensuring another guaranteed revenue stream for the industry.
These laws do not exist to protect consumers—they exist to guarantee profits for the insurance companies.
**Who Really Benefits? Follow the Money**
The biggest winners in the insurance industry are not the policyholders that provide ALL THE MONEY into this criminal organization. The true beneficiaries are the corporate executives and shareholders, and it funnels down to the individual agents collecting all this for them.
The largest insurance companies report billions of dollars in annual profits—far more than they pay out in claims. Shouldn't they break even after a 'modest" salary for their service and time? Wouldn't THAT make more sense to a sensible human being?
They invest premium dollars into the stock market, real estate, and other ventures, ensuring their wealth (the money YOU gave them) continues to grow.
They lobby politicians to maintain their stranglehold on the industry, keeping regulations in their favor and ensuring insurance remains legally required in most aspects of life.
In short, insurance companies are not in the business of helping people—they are in the business of making money.
The Harsh Reality: A System Designed to Exploit
Most people will pay hundreds of thousands of dollars in insurance premiums throughout their lifetime. And yet, when the time comes to actually use the coverage, many find themselves fighting an uphill battle against a rigged system.
**Consider these facts:**
Insurance companies cancel policies when people become too “expensive.”
They increase rates after a single claim—even if it wasn’t your fault.
They spend billions on advertising to attract new customers but fight tooth and nail to avoid paying out existing ones.
At what point does this stop being a service and start being a scam?
**Final Thoughts: A Broken System That Needs an Overhaul**
The insurance industry presents itself as a pillar of stability, but in reality, it is one of the most corrupt, exploitative industries in the world. It thrives by preying on fear, avoiding payouts, and ensuring government policies force people to participate in the scam.
If the system was truly fair, it would operate like mutual aid, where all policyholders contribute and receive support as needed. But instead, it functions like organized crime, where the ones collecting the money hold all the power, and those in need are left scrambling for scraps.
Until a major upheaval occurs, there’s little the average person can do to fight back against this deeply entrenched system. The harsh reality is that there are far too many crooks, manipulators, and dishonest players at every level of society—from corporate executives to politicians, from insurance adjusters to business owners who have happily joined in on the scam.
Reading the fine print won’t stop an industry designed to change the rules whenever it benefits them. Shopping around is meaningless when every company is playing the same rigged game. Demanding transparency? Good luck—those in power have built entire careers around keeping consumers in the dark.
At the end of the day, insurance companies—and the industries that now use them as an excuse to inflate costs—are not here to protect you. They exist to extract wealth from you, and there’s no real way to “win” in a system engineered to ensure you always lose.