Is Life Insurance A Pyramid Scheme? 
Is life insurance a pyramid scheme ? Life insurance itself is not a pyramid scheme or any scheme . Life insurance has a long history and has been called many things over the years , usually by those who have something to sell as an alternative or those who ca n't afford to purchase so making it out to be villainous is easier to say than I ca n't afford it . The only pyramid scheme things I would associate with life insurance is how some marketing groups operate with how they work their agency system . That is not insurance 's fault , they could do it with feather dusters . It would be someone using insurance to take advantage of other agents , not customers . 