Very neat article.....As an analyst/financial planner who does a lot with insurance, estate planning and the sort, it's a neat thought experiment to think about insurance as an asset class.

Would greed, or more so risk aversion, drive human capital hedges like disability, critical illness, or life insurance.....

Would greed, or loss aversion (since tis cheaper, especially in a private corp context, at least in Canada) be the reason to use permanent life insurance to cover estate tax.....

Neat thoughts and great article!