Can an insurer make money on life insurance?

It is clear that the insured person himself will not be able to earn money on life insurance in case of death, but his family and other persons will.

If a person has poor health, such as cancer or AIDS, then most likely he will die soon enough, which means that by purchasing a life insurance policy for this person, you can get a lot of money relatively quickly, however, in most life insurance contracts, chronic and viral diseases are exceptions (especially AIDS).

This is a classic insurance fraud scheme. But insurers have learned to defend themselves against it by offering medical examinations to potential insured.

But the smaller the sum insured, the less likely it is to be denied insurance or offer to undergo a medical examination; therefore, it is possible to earn a little on death insurance, but it is difficult to earn a lot.