You are trying to stretch an analogy past it's breaking point. If the 'age' was as relevent betting as it is to the likelihood of a car accident, then I'd have NO objection whatsoever.... it isn't significantly linked to 'betting' but it IS to crashing! Hence insurance reflect that and gambliong, doesn't!
The life assurance one is MUCH closer. Do you think our James should find life insurance as expensive as WE do at our great age.......? Or should WE find it as cheap as THEY do!
But..... it's all in your hands..... if you want to find an insurance company who charges kids BELOW the cost-rate so that you can SUBSIDISE them from YOUR raised premiums..... be my guest.... I won't be joining you, however!
Ian
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