I assume that your rates go up as you age and get more likely to die. In your 20's it's only covering improbably illnesses and events like car accidents. But nobody's going to extend those same rates to you once you're 85 and already had two heart attacks.
What if some improbable event happened like a major Earthquake or war or something that unexpectedly kills a lot of young people. Would the insurance company be able to pay out?
Interestingly, insurance actuaries here in Denmark has one of the highest incomes. 25% of those with the degree end up in top-1% income (vs 11% of those with a law degree). More (in Danish): http://www.business.dk/karriere/her-er-vejen-til-den-hoejest...
