👉 The slang or profane word you're describing is "Life Insurance Company." It's a term that literally means "the company that pays for your death," but with a twist.
Imagine you're at a party and someone asks if they can buy Life Insurance, which is like asking if they could pay the bills on your life insurance policy. The person says yes because it's their duty as part of being in the industry. They then explain how much it costs per year, which isn't very expensive, but it means they need to keep a small amount of money in case something happens and needs it. And let's say you're at a conference and someone asks if they can sign up for Life Insurance. You think they're joking because everyone signs up for things that aren't worth signing up for. But then the person explains how much they pay to have Life Insurance, which is even more ridiculous than what we just discussed. So, "Life Insurance Company" is a funny and unsettling way to describe something that sounds like it should be a standard term in insurance industry terms. It's not very useful but can add some humor to your conversations when you're trying to explain something complicated or controversial.
