We are a commune of inquiring, skeptical, politically centrist, capitalist, anglophile, traditionalist New England Yankee humans, humanoids, and animals with many interests beyond and above politics. Each of us has had a high-school education (or GED), but all had ADD so didn't pay attention very well, especially the dogs. Each one of us does "try my best to be just like I am," and none of us enjoys working for others, including for Maggie, from whom we receive neither a nickel nor a dime. Freedom from nags, cranks, government, do-gooders, control-freaks and idiots is all that we ask for.
They're bailing out life insurance policy holders, not the companies so much.
Insurance companies make their money on investing the premiums, which otherwise just cover the payouts. Life insurance policy writing is not a bet at all, when you're dealing with large numbers of people. The competitive aspect is investment in the meantime.
What actually were proper conservative investments didn't work out so well this time, and they can't cover the entirely predictable losses from people dying.