I'm not on your insurance.

I want to think of the probabilty of Sal's death in 20 years based on what the people in insurance company are telling me or at least what's the maximum probability of my death in order for them to make money.

Okay, you know, it should be covered.

As it turns out, the insurance came through after all. So...

Insurance.

And at least it'll give you a sense of how revenues, gross profit, operating profit, pre tax income and net income really are different.

We have this principal that we don't touch that produces returns, social, economic and ecological.

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

Insurance.

Ah, in that case

The insurance?

An insurance policy.

Minus 500,000.

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

What would that do to the resources available to the education system?

This is what the owners of the company get before they pay the government.

(Laughter) But I know it's the bottom line, or one's perception of it, that motivates people in the end.

Do you sell insurance?

But here you see it means very, very different things.

If you won't take our money, and your insurance isn't covering it how are you paying for it?

This is really important to pay attention to, because so many people say, oh, a company made this much.

I'll just abbreviate that as Nl.

Go ahead, eat.

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.

And when people talk about earnings of a company, this is what they're talking about.

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

I sell insurance.

An insurance swindle.

Our interests clash with theirs.

Put it at 0 if you don't.

The lady from the billing office said they usually bill the insurance company directly, but since our HMO is not paying for it, we can pay up front with a credit card.

I chose to crash this party myself.

I stumbled onto a racket.

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.

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

Kill the goose that lays the golden eggs.

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.

The taxes will be 153,000.

I'm not a charity commissioner.

A benefit to both our worlds.

We are assuming a very simple world, were the is no taxes, we have no debt, we have no intrest or things

So you've probably heard not only the term earnings, you've probably also heard the term earnings per share.

They buy more of your service and they tell more of their friends, which leads to more profit.

You're guaranteed to get your 102 back, especially if it's

It's your car. Your insurance should pay.