A Tale of 3 Annuity Policyowners

In today's low interest rate environment along with escalating reserve requirements for insurance companies I wonder how insurance companies who offer guarantees will make a profit.  Insurance companies have limitations on how they invest AND at the same time insurance companies were in the middle of the problems in 2008.  There is an

Luck

I was driving to work yesterday and heard that nobody won the giant powerball lottery.  This got me to thinking about how lotteries are the quintessential example of taking from the many to enrich the few. In Oklahoma the lottery was tried several times to get legalized but failed until it got renamed as the "Education" lottery.  So far the actual vs. projected results of the education lottery have been dismal AND our