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.

Elective surgery. And the boob job that

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.

But they're not likely to be on your plan.

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.

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

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

So we're not going through an insurer. Is that correct?

The insurance on his violin costs 200 a year.

Nobody was processing the credit cards.

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

They can no longer jack up your premiums without reason.

I hope he had health benefits.

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

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.

People generally are comfortable with it, Democrats and Republicans.

Sells policies on bridges and aqueducts and stuff.

Insurance.

Is the health plan's way medically justifiable? Sure.

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

Told you I was on top of it.

You know, payors could be private companies, private insurance companies, or they could be government payors, government insurance companies like Medicare.

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 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.

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.

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

This book is the definition of a write off.

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

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.

He comes up and buys whole life, term, fire, auto, dental, health with the optional death and dismemberment plan.

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.

This is an actual model where we can be asked to optimize what happens.

And it's important to make a distinction, because if the news is anything to go by, 40 percent of Americans can't either can't afford health insurance or have the most inadequate health insurance, and have a president who, despite the protest of millions of his citizens even his own Congress continues to prosecute a senseless war.

Do you sell insurance?

In addition, it's pricey.