They can no longer jack up your premiums without reason.

Told you I was on top of it.

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.

The name of the company?

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

I met with the lawyer from the company.

We're with Upper Valley Insurance.

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

He took a job with an insurance company.

He is an executive in an insurance company.

They don't always speak the truth, because that wouldn't get them anywhere.

...

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.

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

The company provides health and life insurance benefits for all of its employees.

I chose to crash this party myself.

Yes, the insurance company, the wrong ones.

I'll get Hillman and Craft on the phone. I don't think I burned that bridge.

We've sent the paperwork to your insurance.

So the company insured itself against loss by betting that what they're selling would fail using, what's called, credit default swaps through giant insurance agency AlG, the world's biggest insurance agency.

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

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

You're not his attorney. You represent his insurance company.

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

Because if we're right, it could impact consumer education, food services, public health and even the insurance industry.

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

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.

He reported the accident to his insurance company.

How much is the premium?

So let's say we have Insurer 1, let's say we have Insurer 2.

Called State Farm. Everything is taken care of.

And what I ended up doing was going out to the insurance industry and buying a hole in one insurance policy.

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.

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

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.

Please mail this form to your insurance company.

The insurance company will compensate her for the loss.

And now we've created a device that has absolutely no limitations.

Fair enough.

Because you can think about what's happening.

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

And in the future, we're gonna look at a lot of different companies, financial companies, insurance companies, natural gas pipeline companies, that will have very different looking income statements, but this gives you the general template for how things work.

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

When you look at how the federal government spends money, so this is the battle right here, 55 percent, more than half, is on Social Security,