this post was submitted on 10 Dec 2025
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Scams upon Scams (infosec.pub)
submitted 1 week ago by Stamets@lemmy.dbzer0.com to c/whitepeopletwitter@sh.itjust.works
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[–] Triasha@lemmy.world 34 points 1 week ago (5 children)

One car insurance company where I live operates kinda like this. USAA.

Every subscriber is a member. Every year, after they pay operating costs, they take the money left over from premiums and put it into accounts distributed across all the members. When you reach a certain age you can withdraw the money accumulated in your account.

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