chap3_6 - What is robbing a bank compared with founding a...

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1 “What is robbing a bank compared with founding a bank?” Bertolt Brecht
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2 Insurance Companies Life Insurance Policies pool risks associated with death or retirement. Property-Casualty Insurance Policies pool risks associated with loss of real assets, personal property and exposure to legal liability.
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3 Life Insurance Companies Ordinary Life Ins. Policies (62% of US mkt) Marketed on an individual basis Group Life (32%) A large no. of insured persons are covered under a single policy to reduce costs: eg., employees. Industrial Life (1%) Direct marketing/weekly payments Credit Life (6%) Tied to mortgages and other loans.
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4 Ordinary Life Insurance Policies Term Life Pure insurance/no savings attached. Whole Life
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chap3_6 - What is robbing a bank compared with founding a...

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