loved the example!!

This is the break even only if one sal dies exactly after 20 years (after paying his premium for 20 years, not in anytime in the 20 years ). If he dies anytime before that 20 years, the insurance will face loss. So, the probability of sal dying in the next 20 years is sadly greater than a 1 in 100.

I don’t know why, but every other video on my YouTube works perfectly normal, but this one keeps freaking out

Don't die too early Sal, Let us milk you more 😀

please also do upload numerical questions related to whole & term life insurance.

Don''t you also have to account for the investment return the insurance company can make in 20 years before a potential payout?

Why are insurance bills called PREMIUMS?

these guys stole your video
http://www.cnbc.com/id/44539806

I bet by now he has his house paid off.

100 Sals! The worlds math problems would be solved!

Thanks for this video, I know a thing or two about actuarial sciences now!

Before applying assess your situation. The application process is not just about your current health it is about your health, financial, and personal history – ALL OF IT.Be sure you are comfortable with giving insurance companies full access to that information. Also, the questions are totally invasive so any mis-communication can be used against you as a reason to deny coverage to your beneficiaries. My advice is live as healthy as possible, save your money, and don't go into debt.

was this a cliffhanger?

No don't you die on us Sal!

Just go to google, and get the free YouTube Downloader. Save video in your Favorites until you do.
I really got a lot out of this video. thanks so much.

Thanks a lot Sal. I was expecting a lot more complex example rather than such a simplistic one

thanks

Nice and easy, clear as always. Though this really needs to take discount rate in account. Though that would be complex. Wouldn't you also need a distribution of when during those 20 years there would be one less Sal's among come think of it? It would be more likely during the last years after all. maybe a good reason not to do it more advanced I guess:D

Hey Sal, even I found listening to this a bit morbid. It flashes not so pleasant pictures in my mind. May be you can do another similar video with some different analogy and not talk of your death. But really informative video. Always a pleasure listening to you! Thanks.

i <3 actuarial 😀