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.

My dad doesn't sell insurance.

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.

A retail merchant buys wholesale and sells retail.

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.

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.

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

Woodhouse I really need a better health plan.

Plan ever.

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

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.

We've no insurance.

He's insured.

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

That was his insurance.