👉 Sure! "Insurance is a racket" is a phrase that's used to describe how insurance companies make money by charging people for services they don't actually need, often at a significant markup on the cost.
Here’s an example of how this term might be used: - The couple was having a fun time buying insurance from their local agent. "He had a great deal with them and got all kinds of discounts," they said. "But when it came time to pay for cover, he realized that the rates were way too high. Insurance is really just a racket." - A wealthy businessman had a huge family policy, but one day it was pulled in half because the company couldn't meet its underwriting limit. He didn’t want to get sued, but what could he do? "Okay, let's see if I can come up with something funny," he thought aloud. "Why not just call his insurance agent and make an offer? It's like giving them a huge raise." - The man looked into the window of his insurance office. "He was going to go on vacation for two weeks," he said, trying hard not to laugh out loud. "But when it came time to pay for cover, he realized that they were asking him outrageous prices."
