Insurance markets in everything, no arbitrage condition edition

I enjoyed this one:

You've committed your life to Jesus. You know you're saved.  But when the Rapture comes what's to become of your loving pets who are left behind?  Eternal Earth-Bound Pets takes that burden off your mind. 

We are a group of dedicated animal lovers, and atheists. Each Eternal Earth-Bound Pet representative is a confirmed atheist, and as such will still be here on Earth after you've received your reward.  Our network of animal activists are committed to step in when you step up to Jesus.

We are currently active in 20 states and growing.  Our representatives have been screened to ensure that they are atheists, animal lovers, are moral / ethical with no criminal background, have the ability and desire to  rescue your pet and the means to retrieve them and ensure their care for your pet's natural life.  

…Our service is plain and simple; our fee structure is reasonable. For $110.00 we will guarantee that should the Rapture occur within ten (10) years of receipt of payment, one pet per residence will be saved.  Each additional pet at your residence will be saved for an additional $15.00 fee.   A small price to pay for your peace of mind and the health and safety of your four legged friends.

Unfortunately at this time we are not equipped to accommodate all species and must  limit our services to dogs, cats, birds, rabbits, and small caged mammals.

Thank you for your interest in Eternal Earth-Bound Pets. We hope we can help provide you with peace of mind.

For the pointer I thank The Browser.


This can't be be a competitive rate since the subjective expected indemnity on the part of the suppliers is zero.

@Mario: The service they are providing is peace of mind to the customer. Whether or not any claims are filed is incidental to the pyschological service offered.

I like the "unfortunately" sentence. I'm trying to imagine what accomodations they think they'd need.

Forgot to other religions have a rapture concept? Should they be expanding their marketing efforts?

Chris: "The service they are providing is peace of mind to the customer. Whether or not any claims are filed is incidental to the pyschological service offered."

You could say that about a lot of products. Take Life Alert (you know, I've fallen, and I can't get up) or any other form of security system, for example. If the provider believes that there is absolutely no chance that an alarm will be sounded, there is no point in having anyone on the other end. The peace of mind will be provided either way, after all, and that's all they are really offering. This is really no different, and no better, than selling indulgences or extended warranties. Health insurance rescission, to pick something timely, is an example of the same sort of practice.

MattM: "Why is that immoral or unethical?"

The people running the company "know" that they will not provide any services, but they take customers money anyway, under what I consider false pretenses. It would be one thing if the company were run by people who believed in the possibility of the rapture (who, unfortunately, would almost certainly believe they were candidates, so couldn't provide the service anyway), or at least agnostics who allowed for a slim chance of it happening. Professing to be atheists, however, precludes that entirely. This is simply a scam; one that will never be shown to be such, of course, but a scam nonetheless.

One problem of incentives: if the suppliers of the service do not believe that the service will ever need to be provided, then they will have no incentive to invest in the infrastructure of people and shelters needed to take in the pets. Thus, should the rapture occur, Earth Bound Pets will probably be caught off guard and be unable to fulfill the service. Add to this the fact that part of the doctrine of the rapture is the ascension of a one world government run by the antichrist, and thus will be repressive, creating social and economic conditions not conducive to the rescue of homeless animals ...

So there will be no dogs in heaven?

I can't believe this is anything more than a mockery... Is there any way to know if they actually have any costumers? Because I'll do it for half the price.


I'm co-owner of the pet rescue site youve been discussing.
Let me make a few comments:
1) this is no joke... we are a serious business.
2) yep, we have subscribers to our service.
3) the fact we don't believe in gods/God, rapture et al does not preclude our being wrong... thus our beief or lack of it is inconsequential.
4) the fact that we do not expect to have to execute our contracts does not imply we are not ready willing and able. We have the infrastructure to execute them should the rapture occur.
5) No.. your pets aren't going to heaven with you. That feel good perversion of doctrine not withstanding. The Xtian exclusionary doctrine pertaining to who gets to heaven is intolerant enough. Imagine, if it said all jews, muslims hindus pagans atheists et al, get to burn in hell, but your pet hamster and squid get salvation? Lovely.

6) No.. we are not trying to promote or justify our non-belief, or give a kinder gentler face to atheism. We are simply stating fact that non-belief does not = immorality.

Now, for the Xtians in this group... if any.. buy your ten year contract this monthy, and if you don't rapture diuring the term of the contract we will renew it for another ten years for 50% off. Beat that!

Mean while, if you're atheist, agnostic, or skeptic, you would enjoy my new book "The Atheist Camel Chronicles" which has been receiving rave reviews on amazon and throughout the internet. Signed copies available through my website (USA BUYERS ONLY) , unsigned copes available on

Yours in reason,
aka Dromedary Hump

It's win-win. The insured is certain to be raptured away and the insurer is certain he is not. So who is taking advantage of whom? Call it asymmetric eschatology.

H'mm... As someone who attends a church that teaches that atheism does not necessarily lead to damnation (Roman Catholicism), I would need background checks proving that the potential caretaker was not living in "Invincible Ignorance" and that they had, in fact, willfully rejected the faith after having it preached to them effectively. Barring that, the contract would need to stipulate that I could get several alternate potential caretakers since the Almighty ultimately makes these decisions based on factors which we can't discern.

Or, I'd at least require a lower rate to compensate for the potential disruption of service. I want my goldfish taken care of, but not that badly.

I like Bart. American capitalism at it's best...creative as can be.

Doesn't the practicality of this partly depend on how costly the signal the company sends on its willingness to fulfill its obligations?

Example, if these guys had to build a million dollar shelter to house the pets, believers would be more inclined to trust the company even if they knew that the company's priors were vanishingly small regarding the expectation of Rapture.

Should anyone be able to opt out of paying for police, fire departments, or military? Much like health insurance, all risk spreading mechanisms. All incredibly socialized.

ENFORCE your contracts between Christian pet owners and Eternal Earthbound Pets at

The above thought is smart and doesn’t require any further addition.
It’s perfect thought from my side.
Dog Insurance

This is indeed a noble gesture and any pet lover is comfortable with the thought of leaving their pet in good hands, in case of anything. I have heard of health care insurance, travel insurance, car insurance, but it never crossed my mind anything like this. Good suggestions!

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