Follow the Money Uncharted channel on WhatsApp: [ Ссылка ]
An insurance policy is basically a commitment between you and the insurance provider that, in exchange for an annual fee or, if you prefer, a monthly premium, they would cover any insured losses you suffer.
We all have been advised to buy insurance more than once – for life, health, and even for buying a new car or starting a new business.
So, let’s suppose you buy a life insurance policy to provide a cash benefit to your family when you die. But, if every life insurance buyer eventually dies and their policy pays out, how do insurers continue to turn multi-billion-dollar profits each year?_____________________________________________________________
Enjoyed the video? Let us know in the comment section📋📋
Subscribe to our channel for more content.
-About Money Uncharted
Money Uncharted makes Explainer Documentaries about Money, Finance, Economics, and Business.
____________________________
For Copyright and Business only :
Moneyuncharted@gmail.com
![](https://s2.save4k.ru/pic/qXeEnBy2ihw/maxresdefault.jpg)