Why should i bequeath my money to insurance companies that are solely interested surrounded by making a profit? ?
is a non profit insurance company too much to ask for?
Answers:
If you own a car it's the decree.
Because the profits they receive from your money is how they would pay you if you had an chance or something.
they take your money and invest it in adjectives sorts of things. mostly in government bonds. some small % of it go to capital venture programs. adjectives of those things earn the company profit. that's how they pay you if you wreck your car, or you own to go to the hospital for something.
a non-profit insurance company won't be able to function impose it'll just keep losing money since they hold no money coming in.
if you want food, you have to work for it and find money. if you want insurance you have to work and pay money for it.
Insurance is a business. It is NOT non-for-profit. You are not really smart.
uh, yes it is, actually. What you are paying for is 'insurance'. You cough up money that you will probably never see again. What you are paying for though, is in the past its sell-by date chance that something goes wrong, you are covered. Most ethnic group don't obliterate their cars and they waste a bunch of money on coup¨¦ insurance. I smashed my car into the concrete barrier on 95 and kept myself out of $12k debt wreak of insurance.
Well actually "insurance" is a business. We purchase it to financially protect ourselves. When claims are submitted, someone needs to process them, and if legitiment the claims are rewarded. And just like other businesses they requirement to make a profit as well.
So at hand just isn't any non-profit insurance out there that I know of. And do you infer they are making money hand-over-fist?? I don't think so - well not a hint more than any other large business - especially where associates seem to have become greatly absorbed with "suing" for every little thing.
that is called a mutual company -- owned by the policy holders.
yes, near are some. yes, they are profitable. no, rates don't seem very different.
Having worked within insurance, I can tell you that insurance companies do not make money on saloon insurance. Car insurance is the losing end of the business. They make money on duration insurance because the premiums are put into annuities that make money. Most people don't die in two years of taking out the policy. Whereas most car accident payouts are much sophisticated than one year's worth of premiums.
This world is going to hell in a hand picnic basket.
Just to be clear, Socialized medicine is a good entry. No one should profit off of illness.
How long could a company stay in business as a non profit company?
Unfortunately in today's corrupt society it is too much to ask for. It shouldn't be. Hopefully socialized health watchfulness will come around soon.
I know ... isn't it funny how the government never had the money to backing the American people out but don't bat an eye to pay BILLIONS to adjectives the corporate fat cats?
I think that the policy is intentionally trying to get the US to cause instability within itself. Have you noticed that adjectives of a sudden they keep talking around over population -- like they want us to kill respectively other.
Medicare is none profit...and that doesn't seem to work enormously well
There are mutual insurance companies. The policyholders are the owners of the corporation. They present somewhat cheaper rates at times.
Related Questions:
Answers:
If you own a car it's the decree.
Because the profits they receive from your money is how they would pay you if you had an chance or something.
they take your money and invest it in adjectives sorts of things. mostly in government bonds. some small % of it go to capital venture programs. adjectives of those things earn the company profit. that's how they pay you if you wreck your car, or you own to go to the hospital for something.
a non-profit insurance company won't be able to function impose it'll just keep losing money since they hold no money coming in.
if you want food, you have to work for it and find money. if you want insurance you have to work and pay money for it.
Insurance is a business. It is NOT non-for-profit. You are not really smart.
uh, yes it is, actually. What you are paying for is 'insurance'. You cough up money that you will probably never see again. What you are paying for though, is in the past its sell-by date chance that something goes wrong, you are covered. Most ethnic group don't obliterate their cars and they waste a bunch of money on coup¨¦ insurance. I smashed my car into the concrete barrier on 95 and kept myself out of $12k debt wreak of insurance.
Well actually "insurance" is a business. We purchase it to financially protect ourselves. When claims are submitted, someone needs to process them, and if legitiment the claims are rewarded. And just like other businesses they requirement to make a profit as well.
So at hand just isn't any non-profit insurance out there that I know of. And do you infer they are making money hand-over-fist?? I don't think so - well not a hint more than any other large business - especially where associates seem to have become greatly absorbed with "suing" for every little thing.
that is called a mutual company -- owned by the policy holders.
yes, near are some. yes, they are profitable. no, rates don't seem very different.
Having worked within insurance, I can tell you that insurance companies do not make money on saloon insurance. Car insurance is the losing end of the business. They make money on duration insurance because the premiums are put into annuities that make money. Most people don't die in two years of taking out the policy. Whereas most car accident payouts are much sophisticated than one year's worth of premiums.
This world is going to hell in a hand picnic basket.
Just to be clear, Socialized medicine is a good entry. No one should profit off of illness.
How long could a company stay in business as a non profit company?
Unfortunately in today's corrupt society it is too much to ask for. It shouldn't be. Hopefully socialized health watchfulness will come around soon.
I know ... isn't it funny how the government never had the money to backing the American people out but don't bat an eye to pay BILLIONS to adjectives the corporate fat cats?
I think that the policy is intentionally trying to get the US to cause instability within itself. Have you noticed that adjectives of a sudden they keep talking around over population -- like they want us to kill respectively other.
Medicare is none profit...and that doesn't seem to work enormously well
There are mutual insurance companies. The policyholders are the owners of the corporation. They present somewhat cheaper rates at times.
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