The chance of dying by being shot is 1 in 300, it is quite a scary statistic.  I cannot think of many things worse than being shot.  Compare that to the National Lottery and the 1 in 14,000,000 chance you have of winning the jackpot each week does not seem very good at all.  Even if you place each week for 60 years (if my calculations are correct) the chance of winning once is still 1 in 4600.  So there is more chance that you will be shot then ever win the lottery.

Oh well, I’m sure that statistic included America so is hugely inflated so I guess I am safe.  I really have no idea how people come up with these numbers.  I studied statistics at A level and it was the worst thing I have ever done, complicated methods of finding out the chance that something will happen and each method can only be used in one unique case.  Well that’s what it felt like to me. 

It is facts like that that nearly makes me want to go out and get some life insurance for myself.  It isn’t something I have ever considered only being in my 20’s because you always see it on the TV for  life insurance for the over 50’s and there is always news about some new life insurance offer they have they have brought out for older people.

What I don’t understand about life insurance is that normally insurance is like a bet, the insurers bet you don’t have to make a claim and if you don’t, they win and keep you money.  The more risky the bet the higher your premium.  Well with life insurance the chances of dying are 100%, everyone dies at some point, so how do the insurers win?  Unless they charge extremely high prices to make sure they get more money then they give away when you die. But if that is the case why not just save the money yourself, its very confusing.