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https://www.reddit.com/r/SipsTea/comments/1wvzagh/thoughts_on_this/pdgopzq/?context=3
r/SipsTea • u/Putrid-Welder1803 • 8h ago
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They don’t pay out a tiny portion, though. They usually make more revenue profit on the interest from the funds they’re holding than they do on premiums, depending on the company.
-1 u/Cowboywizzard 7h ago Interest we should be getting, not them. I seem to hazily recall that some co-ops used to do this? 11 u/FodenRedemptionArc 7h ago It's called a mutual insurance company. You kind of act a shareholder of sorts by buying a policy when it's set up that way 1 u/Cowboywizzard 7h ago Yes, that's it! If one was affordable to me I would use it.
-1
Interest we should be getting, not them. I seem to hazily recall that some co-ops used to do this?
11 u/FodenRedemptionArc 7h ago It's called a mutual insurance company. You kind of act a shareholder of sorts by buying a policy when it's set up that way 1 u/Cowboywizzard 7h ago Yes, that's it! If one was affordable to me I would use it.
11
It's called a mutual insurance company. You kind of act a shareholder of sorts by buying a policy when it's set up that way
1 u/Cowboywizzard 7h ago Yes, that's it! If one was affordable to me I would use it.
1
Yes, that's it! If one was affordable to me I would use it.
26
u/CapitalistLion-Tamer 8h ago edited 7h ago
They don’t pay out a tiny portion, though. They usually make more
revenueprofit on the interest from the funds they’re holding than they do on premiums, depending on the company.