How Does A Life Insurance Company Operate?
61667 POINTSview profileSteve SavantSyndicated Financial Columnist, Host of the weekly talk show Steve Savant's Money, the Name of the Game, Scottsdale ArizonaA life insurance company can be a stock or mutual company. But the real operations of a life insurance company is built upon the practical theory of the law of large numbers and actuarial probability. Generally speaking, the percentage of death claims each year are very small compared to all the policy holders of any one company. That spread between the living and those who died is mortality profitability.Answered on September 4, 2013flag this answer
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