Ask Question
14 April, 03:37

How can an insurance company make a profit by taking in premiums and making payouts? The value of the premiums the company takes in is higher than the value of the payouts it makes. The value of the premiums the company takes in is equal to the value of the payouts it

+3
Answers (1)
  1. 14 April, 04:48
    0
    They trick you saying that they have low premiums but then they hit you later on in the year with high interest rates and high payment fees for the premiums.
Know the Answer?
Not Sure About the Answer?
Find an answer to your question ✅ “How can an insurance company make a profit by taking in premiums and making payouts? The value of the premiums the company takes in is ...” in 📘 Mathematics if you're in doubt about the correctness of the answers or there's no answer, then try to use the smart search and find answers to the similar questions.
Search for Other Answers