It's FlDC insured, yo. It's a victimless crime.

Insurance.

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

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.

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.

Apparently we have no insurance position because of the sabotage thing.

There are many kinds of insurance such as health insurance, fire insurance, life insurance, etc.

Do you sell insurance?

I've just lost my job.

The valuables are in the safekeeping of the bank.

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

The name of the company?

Woodhouse I really need a better health plan.

Well, let's see about the insurance, we can either have it transferred or cancelled.

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.

Even if you think that this company's going to make 0.35 forever, the other reason why you might prefer to have a bank account over Widgets Inc. is because you're guaranteed to get 102 back for your bank account at the end of the year if you wanted.

Put it at 0 if you don't.

I will talk about term because frankly term life insurance is simpler.

This is a backup system for world agriculture.

I chose to crash this party myself.

I stumbled onto a racket.

We got calls. We got plenty of calls.

The money of their insurance?

This is Ned Ryerson, my new insurance agent. I'll say.

Anyway, big insurance policy involved, yeah?

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.

Maybe Bank A, the depositors haven't asked for the money, or for whatever reason, maybe Bank A is sitting on a lot of cash

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'm a holder of ABC Travel Insurance.

Between state farm and the taxpayers, we're all taken care of.

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

The Bank of Tokyo amalgamated with the Mitsubishi Bank.

A big man in town.

Walt, he's not in our HMO, okay?

Hank, this isn't about insurance.