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Default Actuary work

On Jeopardy tonight, one of the 3 contestatnts was an actuary but not
for people.

He worked for a "home improvement" company, and with statistics, he
predicted how long your refrigerator would last. So that they could
sell exteneded warrantees at the right price.

When Trebec asked him if they were as good as fridges 40, 50 years
ago, he said "It a shame, it really is."



IMO, you're beter off with no extended warranty. That way your a self
insurer and you get to keep the profit you'll likely make. If you
really can't afford another fridge when this one breaks, buy a
second-hand one.
 
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