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What are the innovations of IT in the banks?
IT companies do inovation in IT not Banks. Banks make large amounts of profit from money people put into the bank. IT companies make money on the volume of IT they sell
Why banks are selling insurance products?
To make money of course. Taking out insurance is a sensible precaution. If you are going to do it then the banks would much prefer that they make money out of it than some other organisation.
How insurance companies make money?
Insurance companies make money by collecting premiums and deductibles from customers. Not everyone will ever use their insurance policy, so the company profits from those cases.
What are the negative effects of national health care?
Pharmaceutical companies and insurance companies will not make as much money!
What is annuities related to the insurance company?
Annuities are purchased from insurance companies. The insurance company take the money and invests it to try to make more money for the investor. They pay the buyer back in installments.
What is the best sr22 insurance rates?
There are a lot of companies that allow you to get insurance with sr22. One of them being progressive. They determine insurance rates on how much money you make.
Can you have insurance in your name for different insurance companies?
this would only make sense if you are talking about having various life or annuity policies with various insurance companies. It would be pointless with car or health insurance because that would be throwing your money away
How do life insurance companies make money?
Life insurance companies charge a premium to everyone who they provide insurance for based on the amount of coverage and the health of the buyer. The higher the amount of the worse the health, the higher the premium. These companies assume that only a few people out of the larger group will ever collect at one time, and therefore make money on all of the other people who do not ever collect.
Do banks iron money?
Banks do not iron money as this would burn it. The Royal Mint, who make the money, make it flat when it is made, and then send it to the banks like this. Ironing money is not recommended :)
Where can UK landlords insurance be obtained?
Insurance for landlords in the UK can be bought through many of the normal insurance companies such as LV or any of the banks such as Lloyds. Landlords also need to make sure the bank knows they are renting out not living in the house concerned.
How do online car insurance companies offer cheap policies?
Online car insurance companies offer cheap policies to people who are low risk drivers. This is because they generally can still make money, as they are safer drivers.
Why does the insurance company get paid back the money Isn't that why we pay our premiums?
You pay premiums because insurance companies are a business and they are there to make a profit. Also, the premiums you pay go into a pool of money so the insurance company can pay out claims when necessary.
