Insurance Explained - How Do Insurance Companies Make Money and How Do They Work

Have you had good or bad experience when filing a claim to the insurance company?

Ol' Jimbob.

Thanks

I think it’s pretty clear that risk and investments and vast growth of markets needs some semblance of change management. But, the process of sales and client working and better… considering costs of storms and health expenses. The negative feedback loops
Created will bring us all down. The current reality is not even close to sustainable. Yet, the can just keeps getting kicked. These works is also making other dangerous issues arise in obviousness. The health interoperability could help with regional
Work. The privacy, transparency and proper oversight is getting far bigger in needs.

Good job

Insurance companies are too picky and choosy when it comes to potential clients. They like to cherry pick, even helicopter pilots have a difficult time getting life insurance. I assume police and airplane pilots have a difficult as well, when it comes to life insurance. I do believe the system needs a re-vamping and needs to be Federally operated to get rid of the cherry picking unfairness and the higher costs that are associated with these private companies.

I see how it is

The greater the passive income you can build, the freer you will become. Taking the first step is the hardest, but 5 houses later living off passive income since July 6, 2016. You’ve got to start taking steps to achieve your goal.

Here’s how they make money. They charge you high insurance fees for years. Then when you have an emergency, they find reasons not to honor their contract, and they don’t pay out anything. Then, they charge you more for insurance simply because you had an emergency and you reported it.

Believe or not, we are paid to
Be sick

Now do How takaful works.

I did ‘like’ the video. You forgot to explain 60% of the premium goes to the building, staff, phones, computers etc, that enable the payment of claims. I will give it…..6 out of 10 😂

This has been so insightful, thank you very much! 😃

Interesting

This should have included more details, as what are insurance companies doing with the premiums! They obviously invest them in things that provide interest rates.

I genuinely despise insurance companies I think they are crooks. And I am a share holder of a insurance company my extended family started 4 generations ago.

Insurance conferences = Discount Stripclub Conference

Hi Everyone! I am a licensed insurance agent and would be more than happy to answer any questions and help anyone with their insurance needs. Great video and keep up the great work! God Bless!

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Nice explanation on how insurance works and the history of how it developed.

Looks dodgy business

The last five minutes blew my mind. I think the selling premiums to use for higher interest returning assets is genius. Insurances are the forefarthers of the passive income everyone wants. Literally having even a small slice of this scheme will set yourself in good standings for the rest of your life! Thank you for the information. I'm saving this video

Government out of insurance is going to bring a revolution in insurance...
War insurance
Aggression and threats of aggression insurance
Privatization of the military, police, fire protection
New anarchist view that comes with ego death
For example abolishing discrimination amongst vs. against the insured, example
placing a requirement of exercising, checkups for life insurance
Tracking vehicle speed etc with sensor in car to detect bad dangerous drivers...

So basically socialism with extra steps

I like your video presentation. It is informative too, at the same time. Thanks a lot for your guidance!

For saving plan msg me

Swash

Great explanation🙂🙂

Your video is so nice.

The Christopher Wren thing is just a myth though. The city was never made according to his plan

Are there any insurance companies that don't try to make money. (Like a non profit.)

like this is

How could anyone possibly wonder how insurance companies profit? 100% of their income is profit, since insurance companies NEVER pay for ANYTHING without a fight. Insurance is a really slimy evil.

I came here before I decide which travel insurance I should buy

good

hi

It's a really simple question to answer. Theft.

I’m a dividend investor, my wife and I have invested in the s&p500, both through my TSP with the government and through fidelity in her 401-k. Cashed out 370k from the S&P and invested with a full service broker.. Until about 3years ago we were 100% in the s&p after over 30 years. I’m retiring at the end of the month at 59, while my wife will retire next year at 54. We currently have 5.7 million in out tex deferred savings.

OK

Good

Good

Why don’t they teach us this in school

The scam is most insurance is mandatory, no choice to go with out.

Hi

I appreciate with this!

The way I see it Insurance companies are thieves in suits.

Great video as usual!! Love the simplicity of how you explain everything!

Great explanation