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.

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

I chose to crash this party myself.

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 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.

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

How much is the premium?

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

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.

They can no longer jack up your premiums without reason.

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

And we've all heard of charge.

The insurance on his violin costs 200 a year.

Nobody was processing the credit cards.

Battery Charge

Told you I was on top of it.

Battery Charge Graph

Charge Percent

Excuse me, I need a charger.

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.

People generally are comfortable with it, Democrats and Republicans.

The one way to think about it is to think about what's the total premiums they're getting over the life of this policy divided by how much they are insuring me for.

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.

Insurance.

Doctors have to carry liability insurance just in case they make a mistake and hurt their patients.

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

Electricity die, phone die.

But maybe when you become seventy if you were seventy years old and you were asked for term life policy what you might not even be able to get one or if you if you were able to get one their will charge you huge premium.

The other type of policies is whole life and whole life is the motivation for whole life policies.

Charge State

Rechargeable

My battery is about to die. You have a charger?

I speak 300 languages and I am entirely at your disposal as a sexual partner.

We're getting us a charger.

I'm trying to tricklecharge the battery.

Insurance.

Ah, in that case

The insurance?

An insurance policy.

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

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

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

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.

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