once you have insurance after you die your famiy or parents go and get the money.. But where does adjectives the money come from where do it from similar to do they get it from your taxes when you money or i dont know but where does it adjectives come from?
Answers: The insurance companies collect monthly (called premiums) on all the insurance policies they enjoy sold.
The company accumulates adjectives that money and puts it into stocks and bonds which also pay interest and dividends to the insurance company. So, they are increasing assets adjectives the time.
When an insured person dies, the insurance company pays the stated amount of the vivacity insurance from its assets. It has nought to do with taxes; it is a commercial enterprise surrounded by the business of making money.
The insurance company makes money respectively time a person take out a policy, pays on it for several years, then stops making the payments. The company get to keep adjectives the premiums paid. Of course, sometimes folks take out a policy, foot on it a couple of years, then die. So, within this case, the company have to pay out more than it take in, so it have a loss.
It comes from the insurance companies that issue the policies.
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Answers: The insurance companies collect monthly (called premiums) on all the insurance policies they enjoy sold.
The company accumulates adjectives that money and puts it into stocks and bonds which also pay interest and dividends to the insurance company. So, they are increasing assets adjectives the time.
When an insured person dies, the insurance company pays the stated amount of the vivacity insurance from its assets. It has nought to do with taxes; it is a commercial enterprise surrounded by the business of making money.
The insurance company makes money respectively time a person take out a policy, pays on it for several years, then stops making the payments. The company get to keep adjectives the premiums paid. Of course, sometimes folks take out a policy, foot on it a couple of years, then die. So, within this case, the company have to pay out more than it take in, so it have a loss.
Can i run to work within the holidays full time if i am 15 but enjoy my national insurance card?
It comes from the insurance companies that issue the policies.
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