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 chose to crash this party myself.

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.

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

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.

Put it at 0 if you don't.

The one way to think about it is to think about what's the total premiums they're getting over the life of this policy divided by how much they are insuring me for.

How much is the premium?

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

That's the name of the policy, and if you were to die.

Blame high fuel costs, blame insurance premiums, blame technology.

The insurance on his violin costs 200 a year.

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.

Nobody was processing the credit cards.

They can no longer jack up your premiums without reason.

People generally are comfortable with it, Democrats and Republicans.

Doctors have to carry liability insurance just in case they make a mistake and hurt their patients.

Told you I was on top of it.

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

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

Insurance.

Do you sell insurance?

So you probably would have been back definitely would have been better off and if this was your point if you wanted to save some and stil have life insurance for a fixed amount of time.

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

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.

But maybe when you become seventy if you were seventy years old and you were asked for term life policy what you might not even be able to get one or if you if you were able to get one their will charge you huge premium.

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

Patients might buy their own policy, go buy an insurance policy, pay them a premium directly, the insurance company collects that money.

I sell insurance.

Insurance.

Ah, in that case

The insurance?

An insurance policy.

So the insurance company will figure out those probabilities and charge you slightly more a larger amount but regardless anyway you look like, anyway you look at it... at a term policy fade fix premium for fixed term.

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.

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

This is the case where you have 100 Sals, 100 people who are pretty similar to me, 100 Sals.

It's overtime, over the terms party, that you will probably save more money and get more interest doing this

In the term life case once you become sixty or seventy and insurance companies charge you a lot higher of premium to insure you for this amount, because they think there is a high probability that they would have to pay it off.

We found that there is no information about freight or insurance in your quote.

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

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

Am I fully covered in case of an accident?

It's your car. Your insurance should pay.