The new national elder care insurance system starts next year, right?

Put it at 0 if you don't.

We need to remove the perverse incentives to use more fuel.

look if you pay a premium if you pay a premium every year of five hundred dollars of the .... the word premium litterally just means the amount that you would pay every year

Insurance.

The insurance on his violin costs 200 a year.

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.

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

We are so far behind the rest of the world.

Do you sell insurance?

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.

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.

You know there's a framed letter that hangs in my office right now.

You get six months' pay in your pocket with health insurance for two years.

I'm talking health insurance, 401 and in a few years you'll have tenure.

I chose to crash this party myself.

I stumbled onto a racket.

Terrian... Terrian... Pull up...

Terrian...

Early on the first year premium using of that kind of just goes to the insurance company

Good afternoon.

Insurance payment, it's on a monthly basis, right?

let's say that there were 100 Sals a hundred 34 year olds,

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.

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.

There's more.

I respect the very real concerns that millions of Americans have shared.

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

It's your car. Your insurance should pay.

We have insurance.

Elective surgery. And the boob job that

That would be from the population, or maybe from the patients, to the insurance companies, that provides the money for the insurance companies to use to pay for the providers.

So I go to the insurance agent and the insurance agent says

The name of the company?

What he she tells me of the money of the insurance?

That I have ensured.

How well, covered by insurance.

Let's call it insurance.