17 Burst results for "Insurance Underwriter"
"insurance underwriter" Discussed on KCRW
"Except for one man named Bill costume who is the world's first African American hot air balloon. Master pilot has been very difficult. Just surviving. Hot air ballooning and then going into every everywhere I went. When people found out what I did you do what? You crazy, and I will hear everything. Costumes, career and life for the subject of a new documentary directed by his daughter, Chantal Potter. The documentary is called Balloon Man. And Chantal Potter Joins me now welcome. Hi. Thank you so much for having me. Great to have you and also joining us is the balloon man himself. Your dad Bill costume. Hi. Hi, Bill. Hello. How are you? I'm great Bill. Let's begin with you. What? Does it mean to be a master pilot? Means everything getting up every morning checking in the weather, hoping that the weather would be good enough to fly and biting all your passengers to the field. Only to have the winds come up and you have to turn around and go back home. You do that for 40 years. It's very, very rewarding to get a 40 year award. Yeah. Chantal, did you grow up in the hot air balloon with your dad? Oh, absolutely. I was flying in eight months. My brother had nine days old. So you know, we really grew up in ballooning. It was my entire childhood. So you were never scared of it getting up there. No, I wasn't. I wasn't because it's all I knew. I think I think the fear settled in once I got older and I was tall enough to kind of Look over the edge of the basket. You know, when I was young, I would look through the tiny people on the side of the balloon. So you know I felt invincible. But as I got older, and I'm like, you know, I could actually fall out of this thing, But, you know, I mean, it's It's an exhilarating experience. Um, we've had so many beautiful flights. So no, I'm not really, really fearful of the balloon at this point. Well, how did you get into this in the first place? What made you think? Yeah, This is for me getting into a hot air balloon. And And how did you think? Okay, This is gonna be my career. One Sunday. I was watching football on your bell rang and it was my cousin and his balls and his balls had just driven up the Bridger. Ze term, Paige. Saul Bloom, So he stopped his car and went over and help him pack up the bloom. They gave my brochure So he came back told my cousin. They came by my house and they showed me a picture. Of Budweiser balloon. And they talk more about it, and they said they wanted to start a club. You know, out of pure wonder. Ls it okay? I'll try so six of us got together and started a hot air balloon club. Got a professional pilot to come. Show us how to fly when I in her I never in my life. Yeah, And it seems so not regular people don't think. Okay, I'm gonna grow up and become a hot air balloon pilot. Maybe they dont Oh, it's very rare. I mean, it's a niche community. That's what I wanted to say. Those are the words I was looking for in each community. Well, Chantal describe this needs community. It seems like in watching your movie a very close knit community. But as you say small Yes. Ballooning families grow up with other ballooning families. You know, we'd go out from a very young age and we'd meet other pilots and their kids and we'd really grow together. You could go really by yourself to it. Any balloon festival up and down the East Coast and you're bound to see someone there, you know? But, you know, ballooning enthusiasts love the sport. You know, they really do. You'll go and we'll have on hats and paraphernalia and Hearings and they'll have will be ballooned out. No describe for me what It's like to be up there, Shawn. Tell just describe this very close knit and very passionate community. What is it about being up in a balloon that is so transforming Well, it's peaceful, very flight. If I'm flying over a body of water, I'll try to fly close to the water where all the passengers can look over the side and see themselves in the reflection of the water and they take pictures. Themselves looking at each other, and then I'll just drift up into the clouds. And you just see miles and miles ahead. So on beautiful days, you just See everything and it's just this is just magical. Everybody loves that lot of people are scared when they first go up. A soon as they get up there, they say all look at their Wow. Look at that. Look at that. So that's that's what takes away their fear. That does sound really nice, really peaceful and let me be frank. It kind of the opposite from what you were doing before, which was playing professional football, which is not quiet at all, and is pretty violent sport, and you were with the Buffalo Bills for a little bit. Yes, Yes, my claim to fame and buffalo the very first game I scored Buffalos only touchdown. I was a touchdown King for one week. Yeah. Very next week, O. J. Simpson called a pass and scored a touchdown to catch up with the Buffalo scoring leader Bill costume. Mm hmm. How So you thought maybe you would have a career in professional football. Wanted him, but like every football player Everybody gets cut and I got cut and That's when I accidentally turned to ballooning. I was insurance underwriter or traveler's insurance company when at all occurred And so you've made ballooning your profession. And how does that work? How do you make a living ballooning? When I first saw the Budweiser balloon, I started looking at the advertising potential of it. All right. Design the state of Connecticut Bicentennial balloon. In 1976, and then I got into professional racing of balloons all over the country. So I did commercial, um, racing. I did commercial advertising for different companies that they were opening up a new business. I would have a balloon there and and then I had the passenger ride business. And that lasted for 40 years. 42 years and years was the only black family at these festivals or competitions. Well, it's for a long while. My dad says that he hasn't seen any other, um African American pilots and ballooning. I think it was maybe At least a decade after he started flying. He met another African American pilot, and I remember being at a festival. I was probably about 10 years old and I remember meeting another black pilot and seeing another black family there. But then my father has kind of introduced all of our friends. And so you'd see more more people come to the festivals with my dad and and because of my dad. Mm. And Bill What was that? Like in the early days.
"insurance underwriter" Discussed on Software Engineering Daily
"That we're collecting and helping inform how we're working with the carriers so for example we could. Maybe maybe there's an opportunity to go to travelers and say hey travelers. There's we're seeing this other carrier. That is coming in way way less expensive for the same kind of coverage. Why didn't you bid across this whole portfolio where we thank you can outperform so you can essentially use this data to bring some transparency to a market. That's totally opaque and start driving efficiency for your clients right now so i'm not sure i understood that example. Are you actually underwriting the insurance. In in that example are or are you finding a market need in in finding a carrier that can satisfy that need understand sure so in that example rather than us doing the actual underwriting we can just work with the existing carriers and start playing them off against each other so going to the ones that we know are more expensive where they should be able to provide better pricing and show them the data about why they should be offering something better to a certain set of client. Oh i see i see so it's not necessarily about like like creating a new kind of insurance. You're saying there's opportunities in basically saying hey we're seeing you know enough data in soybean insurance you you should lower your rates. If you wanna be competitive with insurance underwriter a exactly that's the thing that we're doing today and that sort of the first step and then.
"insurance underwriter" Discussed on Software Engineering Daily
"Beginning into the insurance offering business yes what school is the way we can do. It is by just using the data that that we're collecting and helping inform how we're working with the carriers so for example we could. Maybe maybe there's an opportunity to go to travelers and say hey travelers. There's we're seeing this other carrier. That is coming in way way less expensive for the same kind of coverage. Why didn't you bid across this whole portfolio where we thank you can outperform so you can essentially use this data to bring some transparency to a market. That's totally opaque and start driving efficiency for your clients right now so i'm not sure i understood that example. Are you actually underwriting the insurance. In in that example are or are you finding a market need in in finding a carrier that can satisfy that need understand sure so in that example rather than us doing the actual underwriting we can just work with the existing carriers and start playing them off against each other so going to the ones that we know are more expensive where they should be able to provide better pricing and show them the data about why they should be offering something better to a certain set of client. Oh i see i see so it's not necessarily about like like creating a new kind of insurance. You're saying there's opportunities in basically saying hey we're seeing you know enough data in soybean insurance you you should lower your rates. If you wanna be competitive with insurance underwriter a exactly that's the thing that we're doing today and that sort of the first step and then.
"insurance underwriter" Discussed on KTRH
"Weather warfare and the different forms already to. My question was George when I brought this up almost twenty years ago. So what happens when everybody makes it and everybody's signal is bouncing off the ionosphere light carpet, by the way. There are seventy two ionospheric heaters. Interesting number and those things basically are what directs the weather so what? We're seeing is we're seeing famine in the making and now, obviously, you know, we're seeing the saturation of rainfall where the fires were in California. And we're seeing just the inundation of weather and weather is probably in most people don't know this. But when you take Munich Ray and all the big insurance underwriters, the biggest ones in the world floods are the most devastating natural disaster even over earthquakes, and I want people understand something the earthquakes are getting ready to take place even in the South Pacific as are going off. The volcanoes are going off the Cascadia region is lighting up like a fire and even mount Saint Helen's is active if they've got a new cone there that's as high as Empire State building. And I think people need to really be paying attention to not only what's going on in northern California off the coast Eureka area. But especially the Cascadia fault. Line and the volcanoes along we've had more rain in southern California Stephen than I can remember in years lately. It's crazy. Oh, it's crazy. But it's also manipulated. And that's why some areas have so much rain and others like the desert southwest lake Powell. I mean, I fly out and I take photographs of it. And it's so down, you know, what's happening lake POWs beginning to Utah fi where the, you know, solids organic solids.
"insurance underwriter" Discussed on TalkRadio 630 KHOW
"Now, the insurance underwriters reasoning most of the time is at the time of the loss. Whatever the loss is whether it's hats fault. Whether it's tile what concrete roof, whatever it is. They will pay you actual cash value the value of the roof at the time of the loss. So they appreciate it. And they give you an actual cash value. Then when you replace it, they pay the additional funds, which represent you know, what it would be new now Brian Byrne said insurance companies get away with this because insurance figures we've paid you for your loss when we've paid. Actual cash value that was your loss. Even if it was a tile roof, you were paid for what that tile roof was worth at the time of the loss. But if you choose to replace it with a lesser roof, you should only get the lesser amount. We wanted to know what policy language would stick up for that or would justify that. Now, Brian burns was not the agent or broker involved in this claim. We just ask him as an expert to help us out. So Brian with compass insurance group, did you look at the policy that the caller that the caller consumer Brian has. Yup. Yup. You guys four it over to me. So and in you, just spelled it out perfectly. It is. It really does fall down to the actual policy, and what it says and most policies read similar to what his does. And what is it read and under their underneath a law settlement? Nice back to you guys as well. There's verbiage in there. That that says the insurance company pays the least of the following amounts. Which then they go onto lists three different things. One is the limit of the whole policy which doesn't apply here. The replacement car park the replacement cost of part of the building damaged with material white kind in quality, which again doesn't really answer the question here. But the last one does and it says it's the necessary amount actually spent to repair or replace the damaged building. That's the limitation there that they have three pays one of three. It's the policy limit or it is the amount to replace like kind or the actual amount spent and it says, the least of those three right, right? Okay. I understand that. Wow. Mark. So really, the the theory is actual cash value reimburses you for your loss, and the extra money paid to you is for replacement, and what the insurance company is saying is you shouldn't get to profit from that. Isn't that right Brian? That's that's right. Yeah. So really if you go with a lesser roof. You're kinda screwing yourself. Oh, big time. He should've went with something else. Either. The tile roof for something good. Go ahead. In this particular case, they were giving me thirty five or forty and with with counting, you know, paragons fees and things like that. If I were gone ahead with the tile roof, I would've had shelled out eighty five hundred dollars of my own money. Abandon beyond what they were paying and say, well, that's a whole different issue. Brian. That's a whole different issue. If they were gonna pay him. Why did you settle for thirty five if it was a forty thousand dollar replacement? We had been working on this actually paragon worked on it for about a month to get the thirty five which was I had been working off and on for ten months prior to that with the insurance company, and to be honest. I was just tired. I was about ready to write a check for the cost of the roof myself and pay for the road ahead to have any rooks. And when I found out about era gone. Try what can it hurt? And when he came back with the check. I check nineteen thousand nine hundred for the road. I'm happy at this point. He did an awesome job it paid for the roof. And then some and then some. Yeah. I think I had about a thousand dollars leftover which took care most most of his teeth and everything. So when I'm I'm pretty much eating right now, which was a lot more than I ever expected. I expected to have to write a check. A whole list myself because I was tired of fighting with my insurance company and having a leaky roof. Right. But this isn't that I have to do that. This is a good lesson for us, right Brian. It's a good lesson for us. I learned big read the policy because just because it says replacement costs doesn't mean you get to pocket money. That's right. Yup. And it is there are policies out there that don't pay depreciated it amounts to begin with their rare. But some companies will pay the entire replacement cost of the roof. And then you know, you can do what you want with it. Usually there might be a mortgage company that would have a say in that saying hold on a second you're replacing it with a lesser quality. That's our asset too. So you might run into problems there. But most policies are gonna respond like like Brian's did here. Okay. So the lesson is if you have a good roof stay with like quality and fight your insurance company to get it. Three zero three seven one three talk..
"insurance underwriter" Discussed on Newsradio 970 WFLA
"So Aaron we were talking before the show started today about a new title operation that that is is kind of formed that is is really kind of blown up the title world and doing something drastically different than other title companies have done, and it remains to be seen, obviously, what kind of long term impact will have. But it's interesting out there for consumers that may potentially end up having back company, or or that that builder so to speak of of, you know, the process of buying home there in terms of how title will work. Yeah. There's you know, I think all of our industries lending mortgage title were all going through, you know, a technological revolution right now. Tons of innovation tons of disruption. And tons of new thinking, and quite frankly, it's pretty exciting. So there is a there's a very large venture capitalist company. They're called fifth wall and fifth wall owns a lot of real estate technology companies including open door, they own notarize. They own a lot of other hippo, which is a property and casualty insurance company online, you know, so very online focused. They they started a title insurance underwriter called states title, and it was a very small operation based out of San Francisco. They're all based out of San Francisco typically and these guys came up with a different model for title insurance. And they said, you know, what the traditional model? The the the problem is they searching of public records in going back for thirty years and examining chains of title. And and and, you know, not really not the old way has been done the same way for two hundred years. Right. And so all of. Of a sudden they developed a new model, it's basically it's almost a property and casualty based model of title insurance. So rather than searching and spending all that time and effort surface searching back chain of title. They're saying, you know, what the majority of the title defects can be cured. And it's, you know, it's a it's a brother or sister forgot to sign off on a deed, you know, ten years ago or there's a witness missing. But most of these results in very small claims. So they're saying, you know, what let's just build a different model title insurance. So instead of the the industry standard five to ten percent loss. Ratios lowest built in forty percent loss ratios, and let's instead of issuing title off of the back chain of title. Let's issue it based off the owners credit report, the credit reports gonna show leans judgements, and I didn't pay my visa prior prior owners yesterday the seller of the property. I'm going to run the credit on credit. That's a little scary hit it. Well, because that that, you know, but that's how we get. Judgements attach via right credit credit. So one thing that's interesting about that to me is that going to well, so for consumers is that going to result in higher fees to some consumers in some instances is going to at that specific underwriter? I would assume I think it's going to end up being awash to be honest with you because what's happening is now instead of the millions of dollars that has to be invested in title plant, assets and examiners that make a hundred thousand dollars examining title. They can change what they charge because that'll have all that extra. That's right. You just eliminated and thirty percent of your back office this way. Wow. Yes. Interesting. So th they're looking at click button get title. Yeah. So that's that's so funny because I talk about that to our team. I mean, that's what the consumer wants today. And it's why the technology that we look at the things that we change consumer wants push-button magic happen and everyone wants to make the real estate transaction easier smoother quicker, and ultimately, it's a it's a process that is never going to get as easy as ordering food for Mujber. Like, it's just not. But at the same time the more advances it makes in that direction. Happier. The consumer is essentially as what what they're doing to where tidal could be done. You could have a tidal policy paid for in a day or two similar to like a homeowner's insurance premium. Sure. So I mean, you think you think about what what what we've done and where where we've come as an industry. I mean, look how closely real estate title lending. We all work as a team, and we keep tightening our systems to get better and better and better. So that buyer can almost click button and get house within fifteen days. Yeah. Faster faster. Yeah. You wanna get almost like the car buying experience. Or or like, you said just ordering your groceries you hitting Amazon, you know, this is the expectation of our industry. So it's pretty exciting. These guys stepped up and bought the tent Lord like one of the top ten title insurance companies in the country. And so they're they're it's exciting. So much change our industry, you know, one of the changes, obviously, you've heard ads on people that will, you know, buy your house instantly for cash, and that's something that we rival we do as well. As kind of our response to you know, helping the consumer that wants to focus more on convenience. I think I think everyone understands that if you're going to go into a process, and you're going to sell your house to an investor for a cash deal, you may not get as good of a price if you market it to the audience, so we give that as an option. So so when you list with us or not necessarily list with us when you when you contact us to think about selling your house, we're gonna give you all those options..
"insurance underwriter" Discussed on CRYPTO 101
"So that makes each of the note, much more powerful. So that. That is capable of supporting if transactions gets higher higher in the future, we could simply just expand our notes to support that needs. So you mentioned your nose, and you mentioned actually there's two things that came out of that that I really want to go into. I is who's your target audience for L who's your target. Consumer. Is it the average person? Or is it the company in if it is the average person how can the average person us L in? If it's not how can the average company is and what size of company are you trying to engage with to put them into your system. That's that's a very good question. So for us. Our target is basically startups and also large companies because what happens right now is that? When those guys are every time, they want the right smart contract, and they want to perform certain tasks right now, they're facing a lot of scale ability issue, and also customization issue. So that's why on elf. But see we want them to have their own freedom of. Performance and also because of this more powerful note, so they're smart contracts could have a much better performance. So the users will make it will feel much easier to use our system Blockchain's, very new industry. So it's it's quite hard for us to predate who whether the change will I start from the start ups or whether they this is gonna I start from the traditional at large pulp rates were not sure about that. But what we're focusing on? Is that okay where beauty a fast and capable on production system. So that everyone could try it on just like how people are trying new things on top of Ethiopian right now. So this is say there's a startup, and you really we don't know which way it's going to go like, you just said, it could be, you know, Beja companies adopting elf or it could be startup. How would you feel that they're going to use it? What would be saying? Hey, you know, what I'm a company, and I'm going to do this without what are some of the use cases that you can you can. See a rolling out in these startups. Just you know, a few ideas to share with with you. So number one financial services has a lot of could use cases on top of blockchain. So let's say, you know, if a remittance company that always need to do a lot of clearings of different currencies. They could actually use elf asked that cleary mechanism because I'm blockchain everything can be set code seem on tenuously at a much. Also, this is much cheaper. So careering end settlement could be done on elf, and here comes okay if startup that wants to do this on top of health, or whether this is a large company that's wants to do this on out. It's quite different if he's a startup the probably predict the initial transaction is quite low. So probably the do not want to have their own side chain at the very beginning on on top of out. Because now means they need. To run their own notes, and that's expensive. So what they could do is they could leverage on all the existing minors on the main chain so that to emerge mining and that should be originally sufficient supported their initial traffic. So that's cheaper for them to Ron and only when they get a high volume in the future they could start to have their own side chain with their own notes. Athlons coverage is quite different because probably already have existing customers. And they do want to have more control and privacy of their environment. Therefore, they will come into elf. Just take our alpha side chain template make you their own. So that they have their own notes running and they have their own side chain. So that chain they could customize it as their wish and this will be linked with the elp system. So that they can also talk to other side chains the applications on top of l. That's a very flexible in that case. Yep. So besides settlement. We also foresee no some gaming companies grew start build games on top of elf. And also insurance companies should be very interesting 'cause you know, pull the claiming old insurance underwriter, those are basically contracts and all those things could be done in the form of a smart contract of alpha system..
"insurance underwriter" Discussed on Carruth
"The defense claimed her shooting was retribution for a large scale drug deal gone wrong. If Ray had just paid us the money, none of this would have happened as the drama shifted to that back room. Judge Charles lamb. I instructed the jury to pick a foreman. Most observers presumed it would be her Brown a lawyer for thirty seven years himself. And one had even tried cases against the lead prosecutor gentry caudill, but Brown wanted no part of the job. I never did get into a contest with anyone else trying to be the form and I prefer not to because I think it would appear had been a form of being an attorney with as much experience as I had, then the people may get out of there. Well, why did you have that one lawyer there when his other eleven jurors have been more puppet like I did not want that to happen. The attorney recruit. Himself immediately, which we all thought was probably a good idea because he said, if I'm jury foreman, whatever verdict we come out with is going to be torn to bits. And he said, I just don't think that it would be fair interest to me or to the jurors for me to be the reform was fifty two years old and worked at a Charlotte charity called crisis assistance ministry. You'd actually served on a jury in a murder case before the not as the Forman. But this time Pinna was elected Forman in a secret ballot after I was elected, we said, well, we don't need to vote on anything right now. We need to just kind to get our thoughts about us. So we all started going through our notebooks. And then I said, okay, give me some some input. What are your thoughts next? The jury needed to reach unanimous agreement on each of the four charges Karoo faced ver. First degree murder conspiracy to commit murder using an instrument with intent to destroy an unborn child and discharging a firearm into occupied property. Everyone. Very composed in in our deliberations. And there was no unkind words said to anyone drawer. This is Brown again, problem ause well, Ray Caruth wasn't the actual man who shot and kill the victim sharia atoms for name in North Carolina. Criminal cases, prosecutors can recommend the charges to be brought against the defendant and the defense can even way in. But the exact crimes right Caruth was charged with were determined by judge lamb who died in twenty sixteen, both sets of lawyers told me they agreed with lamps charges. Judge lamb told us what he intended to charge on. And that was first degree murder or not guilty. And the reason is and judge lion was falling law and correctly doing so this is gentry. Caudill the lead prosecutor. In the case, all the evidence was that this murder was done. Premeditation deliberation and specific intent to kill. There's no reason, no justification for submitting anything. But I agree murder by way of premeditation. So it was first degree are not guilty to the murder charge. The jury was given a verdict sheet to fill out for each charge writing down guilty or not guilty on each of the four pieces of paper. Well, we, we took votes on various charges. Some members of the jury had their minds mostly made up including an insurance underwriter in his late fifties. Whose name was Jerry karst. We had only one choice for the murder charge which was murdered in the first degree. At one point I asked question, is there anybody in here who doesn't think Caruth is up to this and up to his eyeballs. Everybody said, yes, they agreed that he was in the jury room. They weren't buying defense attorney, David Rudolph's theory that shriek have been killed over a drug deal. I've seen his most recent staircase set on Netflix, and my impression of David was he came up with alternate set of possibilities that were never backed up by anything in the testimony that I ever heard..
"insurance underwriter" Discussed on C-SPAN Radio
"And specifically lemme ask you about the flooding issue because this comes up every hurricane season. We see what happens along the coastal areas of the US if you have a home in a flood plain area and do not have flood insurance does FEMA provide assistance. No, it doesn't. Hopefully, you have homeowners assistance. If you have not if you have not applied for national flood insurance, and the likelihood of FEMA, helping you is probably a nail that's one of my problems that I have with the national flood insurance. The government stepped in many many years ago decided that we were going to underwrite the entire program will as a result forced out all the private sector insurance underwriters, and the even though the the flood insurance program is really substantial. Yeah, it is at the payers behest that we underwrite that program. And and I'm a little concerned that not everybody's cupboard. They may not think they live at a flood plain or long area that may flood every one or five hundred years, so people don't think about blood insurance and a lot of the homeowners insurance programs. Do not include flooded shirt. So it it becomes the will of the congress. Whether after an event, they decide to step in and underwrite it after the fact. So I am I'm a little concerned that there are more people without flood insurance. Particularly with this upcoming storm of Florence.
"insurance underwriter" Discussed on KSRO
"The credit card companies do not spend twice the gross domestic. Product of France Francis gross domestic product is. Not two. Point eight billion, it's two. Point, eight trillion oh. There's always that so sorry about that France but point still made, that of course credit cards are most aggressively marketed. Product ministers world I'm still write, about all. That of, course but, Scott thank you man completely. Screwed that, up look. Foolish, feel, foolish oh well move onto. The next thing I've done almost thirty years. Of talk radio the amount of dumb stuff I've done here on the air is in numerous my, staff collects it but that one. Was pretty bad sorry, about that guys but the the. Rant still stands but boy was I off on that. Part of it so just, just the ditch the France part of the rant and the rest of it. Is, dead. On thanks Scott appreciate your call me out Other in the. Lobby of Ramsey solutions our room better news is Tyler Umbria hey guys how are you good yourself, welcome welcome where do you guys. Live from Iowa central, Iowa cool what part Marshall town. Yeah good and that's the Moines area right about an. Hour okay cool well welcome, to Nashville on your hair all the way to do it that free scream. Yeah, how. Much of your paid off It's technically we paid off our house. Which. Was fifty two thousand dollars Yep Two aren't old enough to, have a paid. For How old are you guys I'm twenty one Oh my gosh? I'm twenty four So how you're freaking. House not twenty. Five years old Fifty? Two thousand bucks wow that's amazing what's the house worth we'd say, now we've done some. Renovations probably between fifty and seventy but. In central. Iowa that's probably not the same as Nashville so yeah There's a lot of? Places square feet is this house about twelve hundred square foot okay, very nice very nice. Good starter home for a young couple. And, boom Paid it off and we also paid? For, college along the way as well, we cash flow. That was that was roughly twenty thousand dollars over what period. Of time did you do these two, things well we got married three years ago and we were I. Was kinda already on the plan started the emergency fund I had. Just finished college right cash lead my way through college and. Then, refill had. Two more years so it's. Been about three years, from the time you've got married you've been beaten on the house and. I'm. Getting briefings school Yep very good and your? Range of income during that three years we started probably sixty five and ended probably. Run, one in. Five now. Wow what are you guys do for a living While for when I. First, started I. Was working a minimum wage. Job just like a, receptionist now I have my own small business and I've been doing really. Well. I'm a photographer I I'm an insurance underwriter Yeah good why did it. Go you guys so how do you get the smart at twenty one. And twenty years. We, listened to you Dave Why don't you? Take all the credit not really I'm so impressed we had to be? Like parents influence or, something Well So I started. School I got some student. Debt I was like five thousand this dude on the. Radio I'm, like what does this do talking? About and so finally eventually came around to, me got smarter paid that, off and we kinda just, said we're going to do. This we both grew. Up I grew up in a, trailer so you, know you see what the the, good the bad and you learn a. Lot and that's not how my life's gonna go. Ryan so when we got, married we're, like let's just do this three. Years we'll be done might not be the best house in the, world but we're free. Now Dadgum paid for. House I'll, tell you that's right and like you man I'll tell you and it's going to go up in value and you've. Already done some renovations to. It very cool, so breed this guy is listening this crazy. Man on the radio. And you look up decided. He's going to start talking to you about getting married. And all, this and you're like what did? You say well I was eighteen when I, got married to him right, out of high school so, we knew we wanted to. Get married and we've. Been saving when we were in, high school because, we've been dating for about five, years before we your childhood sweetheart so. Yeah I knew that we wanted to get married. And I wanted to get, on board, and be able to do that. So that's what we did I gotta admit I probably curse your, name a few times I'm going. With that but yeah we did it wow you're so impressive very cool so what's your degree in marketing and HR wow good for you thank you guys cash flow through. Getting, married, straight out of high school and then you work your butt off and you pay for college and you pay off. Your house we ate a. Lot of pork, chops I can't eat any more pork chops Everyone should have a food that's their broke people food that they never want to eat again monster. That's all we ate there so the. Disgusting now I just smell is awful Tuna fish tuna, fish sandwiches and I. Would go to work broke and they'd be. In the refrigerator and they get soggy during the day you know like soggy tuna fish sandwiches, gross. Gross gross I smell tuna. Fish my net worth goes down now hate it Yeah pork chops will always be that way for you that's okay, yeah you gotta broke people food that's good I like it you're. Not broke people, anymore you're on your way to be a multi, multimillionaire. Oh. My goodness, between the two, of you I mean twenty four and twenty one household income of one, hundred and five not a payment in. The world, and have, learned to work together and I. Mean fell in love. In the eighth grade my gosh, right yeah Wow my dad wasn't a fan of, that. One Was he a? Fan. By. The. Time you got out of school yes okay Is he a? Fan. Now Five and going yeah my. Son in law's. A stud. This is. Awesome very good very cool so did you, have people, cheering you on you know we've been pretty quiet about this and some people that are listening to this might not know that. We, were even on it we we don't share a, ton about kind of finances but we've been on the. Plan, people close to us no. He'd been on the plan and I mean. I guess, we've got a lot. Of. Motivation. From. This show. We've gone. To some, live events. Books whatever Wow Did you go to we went out to Denver a couple? Of years ago for the smart conference yeah oh wow the whole, smart? Yeah, that was a good, one yeah that's, cool that was fun. You come out of there, like on, the rocky. Steroids yeah that's more conferences are amazing at your age going in I mean your marriage and everything wow wow wow you're. Awesome, your future so bright it's unbelievable so what do, you tell people the key to getting out, of debt is I would say it. Was also cool. Because, we've got this golden right we've. We've done this. Plan but. More importantly. It's given us something when we first in, marriage you, know we're young we don't know a lot about marriage and it gave us something to work towards together and we were always. On, board obviously we had disagreements about how to do, certain things but he got us on the same page. Helped, us work together as a team We do what we consider two pretty, big goal so absolutely mode you say I don't know I just think. Working together is. Really important Just communication, was what we founded our relationship on early on and that's I think what really helped us get out of debt is talking to each, other and communicating when we both weren't on board with something, or if we decided that we needed to. Upper spending, money which is something that argue for a. Lot but yeah he was. At first two. Is a little I was a little extreme Tyler Wow but then you, know we just kept communicating and making sure we are on the same page so we can work towards the goals. Together, wow you guys have so much future ahead of. You this is amazing and you got such a, runway. Man this is great Well done very well I'm, so. Proud of you Thanks very well done we've got a. Copy of Chris Hogan's retire inspired book for you that, is the next chapter in your story for. Sure millionaire and outrageously generous as you go. Along you guys let us know how you're doing I want to hear the. Rest of, the story as it unfolds. You started so young I it's just gonna be it's gonna be ten. Years from. Now where you're going to be unbelievable all right. It's Tyler and Bree twenty one and twenty four their house and. Everything is paid for. Household income of one zero five count. It, down let's say. You're a debt free scream One two three This is the Dave, Ramsey, show.
"insurance underwriter" Discussed on KTAR 92.3FM
"The credit card companies do not spend twice the gross. Domestic product of France Francis. Gross, domestic product is. Not two point eight billion, it's two point eight trillion oh there's, always that so sorry about that France. But points still made that. Of course credit cards are most, aggressively marketed. Product the, history of, the world I'm still write. About all, that of. Course, but, Scott thank you man completely. Screwed that up look foolish feel foolish oh. Well move onto the next thing I've done almost thirty years of talk radio the amount of dumb, stuff I've done here on the. Air is in numeral, my staff collects it but that. One was pretty bad sorry about that guys but the. The rant still stands but boy was I off on that part of it so just this ditch. The France. Part of the rant and the rest of it is dead on. Thanks Scott appreciate your call me out, brother, in, the lobby of? Ramsey solutions our. Room better. News is Tyler Umbria hey? Guys, how are you pretty good yourself welcome welcome where do you guys live From Iowa central Iowa cool what part Marshall town yeah good and that's. The, Moines. Area right about an hour yeah okay cool well welcome to Nashville. And your hair all the way down. Here, to, do a debt? Free scream yeah. How much. Of your pay it off It's technically we paid off our. House. Which was fifty two thousand dollars Yep Aren't old enough to, have a paid. For That's right. How. Old, are you guys I'm twenty one Mark gosh I'm twenty four How you? Pray your freaking. House. Twenty, five years old Lee Fifty two thousand. Bucks, wow that's. Amazing what's the house? Worth we'd say now we've done some renovations probably between fifty and, seventy but in central, Iowa that's probably not the same as. Nashville so there's a lot of places how many square feet is about twelve hundred square. Foot, okay very. Nice very. Nice good starter home for a young couple and boom Did off and we also paid for college along the way as well we cash. Flow that and how much was that that was. Roughly twenty thousand. Dollars over what period of time. Did you do these. Two, things well. We got married three years. Ago and I was, kind of already on the plan started the emergency fund I had just, finished. College so cash lead my way through college? And then three still. Had, two more. Years so it's been? About three years for the time you've got married you've been beaten, on the house I'm, getting breath school Yep very good and. Your range of income during that three years we started probably sixty five and ended probably. Around, one zero. Five now. Wow what are you guys do for a living While, for when. I first started I was working a minimum wage, job just like was a receptionist now I have my own small business. And. I've been doing really well I'm a photographer I'm. An insurance underwriter Yeah good why did? It go you guys so how do you get this smart at twenty one and? Twenty four years old, we. Listened to you Dave Why? Don't you take all the credit not really I'm so impressed we had to be? Like parents influence or, something So I, started school I got some student? Debt I was like five thousand I heard, this dude on the radio, I'm like what does this, do talking about and so. Finally eventually, came around to me. Got smarter paid that off and, we kinda just, said we're going to do this, you know we both grew up I. Grew up in a, trailer so you know you see what the. The good the bad and, you learn, a lot and I was like. That's not how my life's gonna go Ryan so when we got, married we're like let's, just do this three years we'll be? Done might. Not be the. Best house in the world but we're free now Dadgum paid for house I'll tell you that's right and you man I'll tell you and it's going to. Go up in value and. You've already done some, renovations to it very cool so breed this. Guy is listening to. This crazy man on the. Radio and you look up. Decided he's going to start talking to. You about, getting married and all this and? You're like what did you say well I, was eighteen, when I got, married to him right out, of high school so we. Knew we, wanted to get married. And we've been saving when we, were in high, school as we've been dating for, about five years before we your childhood. Sweetheart so yeah I, knew that we wanted to get married and. I wanted to get on, board and, be able to do that so. That's what we did I going to admit I probably curse your, name a few times I'm going with that but yeah we did it wow you're so impressive very cool so what's your. Degree in, marketing and HR wow good for you thank you guys cash death through get married straight out of high school and. Then you work your butt. Off and you pay, for college and you pay off your house A lot of pork chops I can't eat any more pork chops Everyone should have a. Food, that's their broke. People food that they never want to eat. Again that's eight, there so disgusting, now I just smell is awful she tuna fish tuna fish sandwiches and, I would go to work broke and. They'd be, in the refrigerator and they get soggy. During the day you. Know Soghi tuna fish sandwiches gross, gross gross. I smell tuna. Fish my net worth goes. Down now hate it I hate it Yeah pork chops will always be, that way for you that's okay yeah. You gotta, rope people food that's good I like. It you're not broke. People anymore you're on your way, to be. A multi multimillionaire Oh my goodness between the two of you, I. Mean. Twenty. Four and twenty one household income of one. Hundred, and five not payment in the world and have. Learned to. Work, together and I mean fell. In love. In the eighth. Grade my gosh right yeah. Wow my dad wasn't a fan of that one Was he a, fan. By. The. Time you got out of school yes okay Is he a? Fan. Now Five and going yeah my. Son in law's. A stirred. This is. Awesome very good very cool so did you, have people, cheering you on you know we've been pretty quiet about this and some people that are listening to this might not know that. We, were even on it we we don't share a ton, about kind of our finances but we've been on the, plan, people close to with no. He'd been on the plan and I mean I guess, we've got, a lot of motivation from this show we've gone to some live events books whatever wow which Levin did you go to we. Went, out to Denver a couple of years ago for the, smart conference yeah oh wow the whole smart yeah that, was, a good one yeah that's cool Yeah you. Come, out of there like on. The, rocky steroids That's more conferences. Are. Amazing. At. Your age. Going, in your marriage and everything wow wow wow you're awesome Your? Future so bright it's unbelievable so what do you tell people the, key? To, getting out of debt, is I would, say it was also. Cool because we've got this, golden right, we've we've. Done this plan but more importantly it's given us something when we first in marriage you know we're young we don't know. A, lot about marriage and it gave us something to, work towards together and we were always on, board obviously we had disagreements about how to do certain things but. They got us on. The same. Page helped us work together as a team and do what we consider two pretty big. Goal. Absolutely. Mode. You say I don't. Know I. Just think Working together. Is really important Just communication was what we founded. Our relationship, on early on and that's I think what really helped us get out of debt is talking to each other and communicating when we both, weren't on board with something or if we decided that we, needed to upper spending money which is something. That argued, for a lot but yeah he was at. First who is a little I was a little extreme Tyler Then we just kept communicating and making sure we are on the same page so we can work towards the goals together while you guys have so much future ahead of. You this is amazing and you got such a, runway. Man this is great Well done very well I'm. So proud of you very well done we've got a copy of Chris Hogan's retire inspired, book for you that. Is the next chapter in your story for sure millionaire and outrageously generous. As you. Go along you guys let us know how you're. Doing I want to hear the rest of the story as it. Unfolds, you started so. Young it's just gonna be it's gonna. Be ten years from now where you're going to be unbelievable all right it's Tyler and Bree twenty one and twenty four their house and everything is paid for household income of..
"insurance underwriter" Discussed on The Dave Ramsey Show
"I, here's something you don't hear talk radio host, say very often completely screwed that up. Let's up so bad. Scott. Just call me out on Twitter and he's completely right. I dropped zero. No, the credit card companies do not spend twice the gross domestic product of France. France is gross. Domestic product is not two point, eight billion. It's two point, eight trillion. Oh, there's always that. So sorry about that France but point still made that of course, credit cards are the most aggressively marketed product the history of the world. I'm still write about all that, of course. But Scott, thank you, man completely screwed that up. Look foolish, feel foolish. Oh, well, move onto the next thing. I've done almost thirty years of talk radio. The amount of dumb stuff I've done here on the air is in numeral my staff collects it, but that one was pretty bad. Sorry about that guys, but the the rant still stands. But boy was I off on that part of it. So just this ditch the France part of the rant and the. Rest of it is dead on thank Scott calm out brother in the lobby of Ramsey solutions. However, better news is Tyler Embry. Hey, guys, how are you? Pretty good yourself. Welcome welcome. Where do you live? We're from Iowa central Iowa cool part Marshall town. Yeah. Good. And that's the Des Moines area? Right? About an hour. Okay, cool. Well, welcome to mash villain your hair all the way down here to do that. Free scream. How much of you paid off. It's technically we, we paid off our house which was fifty, two thousand dollars. Yep. Two aren't old enough to have a paid for house. How old are you guys? I'm twenty one. Gosh. I'm twenty four. You're freaking out twenty five years old. Leave. Fifty two thousand bucks. It's amazing. What's the house worth? We'd say now we've done some renovations probably between fifty and seventy, but in central Iowa, that's probably not the same as Nashville. So I'm not a lot of places how many square feet is a south about twelve hundred square foot. Okay, very nice. Very nice. Good starter home for a young couple and boom. Paid off, and we also paid for college along the way as well. We cash flowed that. That was roughly twenty thousand dollars over what period of time did you do these two things? Well, we got married three years ago, and I was kinda already on the plan started emergency fund. I just finished college cash, my way through college and then still had two more years. So it's been about three years from time. You've got married. You've been beating on the house, getting breath UC school? Yep. Very good. And your range of income. During that three years, we started probably sixty five and ended probably run more than five now. Wow. What are you guys do for a living. While for when I first started, I was working a minimum wage job just like I was a receptionist. And now I have my own small business and I've been doing really well. I'm a photographer. I'm an insurance underwriter. Yeah, good. Why did it go you guys? So how do you get this smart at twenty one twenty four years. We listened to you, Dave. Take all the credit, not really. I'm so impressed head to be like parents influence or something. So I started school. I got some student debt. I was like five thousand. I heard this dude on the radio. I'm like, what is this talking about? And so finally eventually came around to me, got smarter, paid that off, and we kinda just said, we're going to do this. You know, we both grew up. I grew up in a trailer, so you know, you see what the the good, the bad and you learn a lot. And I was like, that's not how my life's gonna go Ryan. So we got married. We're like, let's just do this three years. We'll be done might not be the best house in the world, but we're free now dadgum paid for house..
"insurance underwriter" Discussed on AM 1590 WCGO
"Twenty four You're. Freaking house twenty. Five years old Fifty two thousand bucks? Wow that's amazing what's the house worth we'd say now we've done, some renovations probably between. Fifty and seventy but in central Iowa. That's probably not the same as Nashville so there's a lot of places How many square feet is about, twelve hundred square foot. Okay very nice very nice good starter. Home for a young couple and Oh yeah Off and we also paid for college along the way. As well we cash flow that much was that that was roughly twenty. Thousand dollars over what period of time did you do these? Two, things well we got married three, years ago and I was kind of already on the plan started the. Emergency fund I just finished college, right cash lead my way, through college and then three still had two. More years so it's been about three years from the time you've, got married you've been beaten on. The house I'm getting. Breath, school Yep. Very good and your range. Of income during that, three years we started probably sixty five and ended probably run one zero. Five. Now wow you guys do for? A, living While for. When I first started. I, was working. A minimum wage job just. Like a receptionist now, I have my own small business and I've been doing really well I'm, a, photographer I I'm an insurance underwriter Good why did it. Go you guys so how do you get this smart at twenty one. Twenty four years. We, listened to you Dave Take all the credit not really I'm so impressed we had to be. Like parents influence or, something So I, started school I got some student? Data five thousand I heard this dude on. The radio I'm like what is, this dude talking about and, so finally eventually came around. To me, I got smarter paid. That off and we kinda just, said we're going, to do this you know we both grew up I grew up. In a trailer so, you know you see what the good. The? Bad and you learn a. Lot and, I was like that's not how. My life's gonna go right and so we got married we're like, let's just do this three years we'll be. Done might. Not be the. Best house in the world but we're free now Dadgum paid for house I'll tell you that right and lucky man I'll tell you and it's going to. Go up in value and. You've already done, some renovations to it very cool breed this. Guy is listening this. Crazy man on the radio, and you. Look up decided he wants to start. Talking to, you by getting married and all? This and you're like what did you say. Well I was eighteen when I, got married to him right, out of high school so. We knew, we wanted to get. Married and we've been saving when, we were in, high school because we've been dating for about five years before we. Childhood sweetheart so yeah, I knew that we wanted to get. Married? And I wanted to get. On board, and be able to do that. So that's what we did I gotta admit I probably curse your, name a few times I'm, going with that but yeah we did it Wow you're impressive very. Cool, so what's your. Degree in marketing, and HR wow good for, you thank you guys cash, death through get married straight out of. High school and then you work your butt off you. Pay for college and. You pay, off your house A lot of pork chops I can't eat anymore Everyone should have a food that's their broke, people. Food that they never want to eat again monster that's eight are. So disgusting now I just. The smell is awful Tuna fish tuna, fish sandwiches and. I would go to work broke and they being. The refrigerator and they get soggy during the day you know soggy tuna fish sandwiches gross gross, gross. I smell tuna my net. Worth goes down now I hate it Hey pork chops will always be that way for you that's okay yeah you, gotta rope people food that's good, I like it you're not broke people anymore you're, on your way to be a multi multimillionaire oh, my, goodness. Between. The two, of you I, mean twenty four and twenty one household income of one hundred and, five not a payment in the world. And I've, learned, to work together and I mean. Fell in love. In the eighth grade my gosh. Right whatever yeah Wow Wasn't a fan of that. One Was he a fan by the? Time. You. Got out of school yes okay Is he a? Fan. Now He's how going yeah my. Son in law's. A stud. This is. Awesome very good very cool so did you, have people, cheering you on you know we've been pretty quiet about this and some people that are listening to this might not know that. We, were even on it we we don't share a ton, about kind of our finances but we've been on the plan people close to if. Not been on the plan and I mean I guess we've got a lot of motivation from this show. We've, gone to some live events books whatever wow which lab, of end did you go to we went out to Denver a couple of years ago For the smart conference yeah oh wow? The whole smart yeah that was a good one school Well. You come out. Of. There like on a rocky steroids Yeah. Yeah that's more conferences are amazing. At. Your. Age. Going in. I'm, in your marriage and everything wow wow wow you're awesome Your future so bright, unbelievable, so, what do you tell, people? The, key to getting out, of debt age, I would say it was also cool because yeah, we we've, got this. Golden right we've we've done this plan but more importantly it's given us something when we first starting marriage you know we're. Young, we don't know a lot about marriage and, it gave us something to work towards together and we were always on board obviously we had disagreements about how to do things but he got. Us on. The same? Page, in, it helped us work together as a team and do. What we considered a pretty big. Goals. Absolutely. Mode. You say I don't know I just think working. Together is. Really important Just communication, was what, we founded our relationship on early on and that's I think what really helped us get outta debt as talking to, each other and communicating when we weren't on board with something, or if we decided that we needed to. Upper spending, money which is something that argued for a. Lot but yeah he was. At first he. Was a little I was a little extreme Strike Tyler Wow then we just kept communicating and making sure we are on the same page so we can work toward the goals together while you guys have so much future ahead of. You this is amazing and you've got such a, runway. Man this is. Great, well done very. Well I'm so proud of you very well. Done we got a copy of Chris Hogan's retire inspired book for. You that is the next chapter in your story for, sure millionaire and outrageously generous as you go. Along you guys let us know how you're. Doing I want to hear the rest of the story as it unfolds you. Started so, young, I it's just going to. Be it's gonna be ten years from now where you're going to be. Unbelievable all. Right it's Tyler and Bree twenty one and twenty. Four their house and everything is bad for household income of one. Zero, five count it. Down let's say you're a debt British cream, one, two three.
"insurance underwriter" Discussed on 710 WOR
"As long as the insurance underwriters were disappointed in charge enough in premiums to pale claims pnc insurance would allow buffer to amass a massive amount of capital for free actually he would be paid billions and billions this for holding the capitol by 1980 buffeted amassed two hundred million in all out by 1990 the size of investment capital has grown a one point six billion by two thousand was managing twenty seven billion he'll two hundred and fourteen billion and float today breathtaking and all the earnings from this capital or berkshire's to keep as long as the underwriters do their job and for the fourteen years prior to 2017 berkshire recorded under writing profits of twenty billion that is an additional all the investment income produced by the money so that auburn forging billion as to be returned duty shareholders no if they need it worthy policy owners but if he makes you know three or four percent on that hundred billion that's there's to keep and then they get underwriting profits to boot meaning you know they do a good job of picking only credit worthy individuals for car insurance you ever want to know why why are they checked my credit for car insurance will gaiko figure it out some underwriting algorithm where they benefited people absolutely genius now you can understand virtures incredible performance until you understand now insurance powers all of its profits berkshire's in running the same kind of races everyone else virtually every other company s p 500 as to pay for capital or slowly retain it from earnings berkshire meanwhile his billions and billions coming in the door from its insurance subsidies now there are other companies that do this and i actually think there are other ones that are better um and we're not regman buy uvira sell berkshire to be clear just kind of educating you on how this goes for decades buffet chose to
"insurance underwriter" Discussed on talkRADIO
"The ft telling of won't be a good girl or boy and save more money so why should people be putting their money i mean is it with the company's scheme gonna be protected or in fact if you just got to do your own thing well the thing is even if really in does fail the pension protection fund known as the life they will rescue the scheme and mace people apart from the highest on his will see the majority of that payout protected but those you know there's going to be limit to the number of skate every pension scheme in the country failed it wouldn't be able to bail them all outs no indeed not in that that would be a another stern on the way let's turn our attention to some other stories which are in the papers if last year ourselves off a little bit that's fantastic the story actually on the front page of your newspaper which is about the lloyd's building of london where we have we have abated millennial pictures on the front page of the ft standing millennial when the often does that happen standing on the outside of the lloyd's of london building that if you're thinking which one is that isn't that the going through the show the lloyd's of london one is the bombing all of the pipes in the services on the outside say this was designed by i bowled i building once oh did you know for me have you ever declined it i've never climbed it i've been in every single piece of that building and it was bought from age for german overseas property fund the tide it's an amazing all those going to say it's an amazing building isn't it james compared millennial won't to climate and take em no any self fees of themselves when they when they reach the top have drones follow them up outside and film their exploits which they then put on issue and this is rather rattled lloyd's of london people who actually occupy them to the building him all the biggest insurance underwriter in britain sin said i've taken out that in the prices of.
"insurance underwriter" Discussed on WLAC
"Okay and the reason we know that is urine you're an insurance underwriter right right and you not so you don't have an actual aerial table works it started with them degree down the statistical probability of an event happening right and in also let's just let's look at prepaid legal this way if you spend more they're they're getting a total of three thousand dollars because they're over ten years because they're getting uh uh twenty five dollars total three hundred bucks a year right and so if you spend more than three thousand dollars let's just say this if the average person with prepaid legal spins more than three thousand dollars on legal fees on average over a 10year period of time mathematically they would be out of business wouldn't they now we had a true okay okay so that's how the insurance works that's the actuarial tables is the probability of the event happening but if you're going to be in the insurance business the actual cost of the probability on average a group of a group across a large groups has to be much less than what the person pays in premiums otherwise the insurance business goes are the insurance company goes out of business because they need to make a profit in they need to pay secretaries and overhead and they need to pay you and so on right yeah so you know basically you're better off to self insurer through the legal bill than you are to the two by legal insurance which is basically what you're doing i would selfridge there through that by having a good emergency fund.
"insurance underwriter" Discussed on The Dave Ramsey Show
"I am at the rim they put on a par you today you to sir what's up phil actually just recently accepted a job offer end insurance company has nothing to writer and um first time i basically have a fulltime job out of college will probably do it soon loans away about and whatnot but they're offering a prepaid legal plan and i'm wondering what your opinion is fun boobs sort of deals uh how much is so i believe that's about twelve month twelve dollars yeah okay all right and so they're paying part of it in your paying part of it right okay yeah usually 25 that's what most of them are as while i was asking okay okay well he obviously you're only paying twelve dollars forward so that's a hundred and fifty bucks a you're basically hundred forty four dollars um um and so over ten years that will be fourteen hundred fifteen hundred bucks and you're twenty two years old or twenty three years old right twenty four down so on average over the next ten years will you spend fifteen hundred dollars on legal fees uh i'll help you with this the answer is no okay and the reason we know that is urine you're an insurance underwriter right right and you know so you know how an actuarial table works it started with them degree the down the statistical probability of an event happening right and um in also let's just let's look at prepaid legal this way if you spend more they're they're getting a total of three thousand dollars because they're over ten years because they're getting uh.