The Multimillionaire Business of Insurance Companies (Documentary)

Have you ever thought about how insurance companies work? Did you know this is one of the most profitable business ever created? The dark truth behind the insurance business is that they never lose. Discover why...

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Insurance is a monetary product hawked by insurance companies to protect you and your property against loss, injury or theft. Some classes of insurance you have to take out by regulation, such as motor insurance if you own a vehicle; some you may need as a state of a contract, such as facilities insurance as a requirement of your mortgage; and others are practical to take out such as life insurance or preserving for a pension. While it is a sound idea to ensure you are not spending on insurance you don't need, you should still think about what would happen if a tragedy struck and you didn't have coverage to safeguard yourself. You can purchase insurance policies for many facets of your life, such as your health, home, car, business, or retirement. An insurance policy is an agreement with an insurer to defend you against specific risks under agreed terms.

When you purchase a policy, you make periodic payments, known as premiums, to the insurer. If you claim, your insurer will settle for the loss shielded under the policy. The insurer and the insured sign a legal agreement for the insurance called the insurance policy. The insurance policy details the prerequisites and events under which the insurance company will pay the insurance amount to either the insured individual or the nominees

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