Annuities and pensions that pay a benefit for life are generally regarded as insurance in opposition to the possibility that a retiree will outlive his or her financial assets. In that sense, they are the complement of life insurance coverage…
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But overall profit for the same interval was $68.4 billion, as the outcomes of float. Some insurance-industry insiders, most notably Hank Greenberg, don’t imagine that it’s attainable to maintain a profit from float eternally without an underwriting revenue as properly,…