That's why insurance companies slay! They basically use their money as collaterall to sell insurance and collect premiums.

If a bunch of claims come in, they already factored it in to the premium. So they either break even, or gain! Brilliant.

To all you investors… Don't view your investments as investments. View them as collateral to sell insurance using options.

Oh let me tell you how they make money… they want you to pay monthly but God forbid you ever get into an accident even if it wasn't your fault and the other guy was charged… they still don't want to pay. Our family friend owned a well renowned insurance company and did you know that they have TROUBLE TRYING TO INVEST BILLIONS OF DOLLARS A YEAR IN 'UNPAID OUT' INSURANCE PREMIUMS THEY COLLECTED FROM YOU AND EVERYONE ELSE. They actually have a hard time reinvesting the money you pay them AND they don't want to pay you when you're injured. Disgusting. 'Insurers' should be charged with defrauding people!! The same thing they are 'suspicious' of trying to make people seem as though they fake their injuries ( even if the victim has REAL INJURIES TO PROVE IT) concerning the people they insure… THEY DO THEMSELVES. THEY FAKE YOUR INSURANCE! It's always the finger pointers? Disgusting. Your policy is likely mostly be Bullshit. Insurance companies are ABUSERS. Insurance companies AND Real Estate Associations are two OF THE MOST Fraudulent and CORRUPT INDUSTRIES IN THE PLANET!

good video

Excellent video very well explained

Wow! Great info.

Hi, just watched your video. Have a question. Do Insurance companies invest in Forex other than Stocks? Thanks.

Lucky to find this?

PLEASE WARN PEOPLE! I knew that I wasn't going to earn enough money this year to qualify for Obamacare so I assumed that my coverage would end at the end of 2020. However, Anthem enrolled me in a new plan without my consent and I just got a letter today showing that they stole almost $500 from my checking account to provide insurance coverage for ONE MONTH! If I had picked a plan myself I probably would have paid nothing due to my present income. I am sure this has happened to plenty of other people too, who can least afford it. I am sure many people like myself thought that their coverage would end if they didn't choose a plan. I can't believe they had the audacity to steal a month's wages from my checking account without my consent! I would appreciate it greatly if you would warn others about this. I am sure that I am not the only one who got cheated this way.

So is he saying that life insurance is the same as people investing their own money in the stock market themselves?

The State Farm ex doesn’t add up, they received 32.4BB paid out 22.8BB yet u say the lost 2BB, could u explain, was that after other expenses?

Thanks for info provided in the video.. Request you to provide analysis of Financials of Insurance companies from investment point of view.

Thank you very much. So is warren buffet going under? 2020 corona virus. Because his businesses is on insurance.

This is why I love YouTube.

I didn’t realize their margins were so thin

The insurance market is
skewed. You must have auto insurance by law in most states Hence all the methods
you mentioned are pure hype. They can and do charge rates based on risk. But
they also add in their personal incompetence, poor investments or inflated
salaries. You hear nothing of that in their rate formulas.  And most Insurance companies are listed on the
stock exchange or have a parent company that is.  Another fact that makes their priorities
suspect  Anyone care to guess if any
lobbying is going on. It’s difficult or impossible to tell if they are charging
the public, they are entrusted to serve by license, a fair rate… If you make
any sort of claim no matter how small or who’s at fault they want to get back what
you were paying to be insured for in the first place.. A lot of what you say is
only a model for insurance companies to work within and sound legit. I don’t
think so. Their advertising is disingenuous too. But that’s another video.   PS: You do sound a little like a spokesman
for the Insurance industry.

Such BS. Auto insurance is the biggest fraud on this planet. Get in a accident and see who will pay. You don't pay for insurance you are paying for the privilege to drive.

??????????

We need to implement the financial transaction tax on trades.

Long story short, they will fight tooth and nail to pay you nothing and take your money, it's a scam

So what do you think about Geico and travelers?