I just realized that I didn't answer a question that might be burning in your brain because in whole life we talk about the scenario

And then, on the other hand now, someone has to pay for this. Someone has to pay for this.

I'm insured against kidnapping for up to ten million.

Because before you die you can cash it out, if you die, you definitely get the payoff, but what happens to the cash amount.

Am I fully covered in case of an accident?

So because of all of these things that I want to make sure. Get paid off or get funded

Each state will take the lead in designing their own menu of options.

And we also talked about the scenario where any time before that you decide that I don't need life insurance anymore, you can stop paying your premium.

In case the shipment is delayed, we have special delay insurance.

Because that's essentially what a credit default swap is, it's insurance on debt.

You have to then get a new insurance policy if you don't get a new insurance policy

It does not represent a cost for the company and it doesn't show up on their business calculations.

Insurance.

Do you sell insurance?

There are many kinds of insurance such as health insurance, fire insurance, life insurance, etc.

I would bet many more of you insure your iPhone you're implicitly buying insurance by having an extended warranty.

The other type of policies is whole life and whole life is the motivation for whole life policies.

I sell insurance.

Insurance.

Ah, in that case

The insurance?

An insurance policy.

If you multiply this by a 100 you would get 100 dollars in premiums.

You can still join, you just need your parent's signature.

looking for 20 year term life insurance and they insured all of them.

Put it at 0 if you don't.

This is an actual model where we can be asked to optimize what happens.

At any points we'll just keep paying this policy until you die and then your family will get the pay off will get the five. so upon death... the beneficiares are the people, who will benefit from you policy.

If you cannot secure the parents, you cannot guarantee the security of the African child.

let's see those zeros cancel out, this zero cancels out, they're getting, over the life of the policy, 1 dollar in premiums for every 100 dollars in insurance.

You pay the same.. I would call it very high premium your entire life and so earlier on in your life when you're thirty or forty or fifty.

It's your car. Your insurance should pay.

It's kind of viewed as what's backing up your death benefit and what's kind of unfortunate if for whatever reason this cash amount is even larger than the death benefit.

An insurance swindle.

So one way to think is they get 1 dollar in premium for 100 dollars insurance or if they had 100 Sals they get 100 dollars in premium and the only way they would break even is if only one of those Sal's dies.

You know, payors could be private companies, private insurance companies, or they could be government payors, government insurance companies like Medicare.

Good afternoon.

The name of the company?

Plan ever.

What's interesting about Credit Default Swaps sometimes referred to as CDSes is that even though there are insurance for all purposes, they are not regulated like insurance.

I chose to crash this party myself.

I stumbled onto a racket.

And you can check with the most critical authorities of all...

That's why I'm doing term life policy.

That was just insurance! I wasn't gonna use it.