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

And so when they insure something, you're essentially the total package, right?

Insurance.

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.

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.

Put it at 0 if you don't.

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.

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.

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.

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

So they were essentially hedging the default risk by buying these credit default swaps, which was essentially just an insurance policy from this Insurer 1.

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.

I don't mean the health plan...unless it covers

Woodhouse I really need a better health plan.

Plan ever.

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

Well, if you don't follow the insurance company's procedures, they may never pay you back.

Basic

How much is the premium?

Insure it, please.

So there's two types of life insurance

His blood type is B.

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

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