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

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

Do they have food to take with the prescription?

Nobody was processing the credit cards.

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

After those ten years that you didn't die, nothing really happens you just keep on living

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

Being always a little bit more less financially savvy than the term life is that... this is going to this as long as you continue to pay this premium this is guarantee, cause you will die one day unless you know something the rest of us don't know.

It's just a deposit kind of thing.

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

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.

Where you can pay this premium your whole entire life and in the event and you can just all the way until the day you die, so that when you die your family will definitely get the pay off.

Mrs. Monkford cashes in the life insurance, and she splits it with Janus Cars.

I mean, does it really matter?

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.

Insurance money... the company's agreed to pay.

Because that's essentially what a credit default swap is, it's insurance on debt.

The mortgage payment, we calculated that before, using our mathematical knowledge of geometric series.

Insurance companies everywhere are facing hard times and have become even more tight fisted about payouts.

For years and years Natoma did everything right.

In the whole live

What if all of these corporations, for whatever reason, do start defaulting simultaneously?

Everything is risk free.

Which really makes you ask the question, if you know your cash payout is larger than the amount of that is going to be paid off when you die.

Insurance.

Because some of them have paid, and some of them are still paying.

Payment

Pay up

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.

Processing Payment

Number of periods

And the payments?

Ever heard of singlepremium life? That could be the ticket for you.

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.

Do you sell insurance?

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

That will now compound over the next month.

And then year 10, I pay the 100,000 plus I pay back the 1 million.

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.

They are one of the first people to get their money.