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

The 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 chose to crash this party myself.

Told you I was on top of it.

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

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.

Grab Team B, stand by. Grab Team B. We're in position.

How much is the premium?

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.

Come on inside. We need some help with the food.

What he she tells me of the money of the insurance?

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

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

Just make sure he has the money ready.

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.

Prep for intubation and alert the O.R.

Will get 500 000 so you might be say where this is a complete rip off.

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

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

The money of their insurance?

Anyway, big insurance policy involved, yeah?

I had no savings, no insurance.

The insurance on his violin costs 200 a year.

Nobody was processing the credit cards.

Get ready to phone in a tip to Homeland.

We're losing him. 78. Get the crash cart.

So our total gold assets are 500 and what's our total demand accounts?

The insurance payments depend on the use intended (work or leisure).

Prepares me for what?

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.

They can no longer jack up your premiums without reason.

Well, no. Because then a bank take on arbitrary amounts of risk and there are regulations, although I think a bank would do it on their own to some degree, but there're regulations called reserve requirements that tell us how much lending can a bank do relative to its actual reserves. In this case, it's reserves of gold.

Whoever heard of anything happening to a bridge?

Like 30,000 bucks, right? Insurance money. Yeah.

The ransom lies ready

He received a large sum in insurance benefit.

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 damage was covered by insurance.

I will never play those funds, I keep them for my age.

So let me set aside 10 of that.

Now this is a huge achievement.