Sunday, October 09, 2016

Insurers make a big profit on Eldershield

If you want to know how much profits are being made by the insurance companies on Eldershield (technically described as individual disability insurance), you can view the results here.

The insurance companies are making a profit margin of 30% after providing for reserves for future claims. Yes, they are making a lot of profits, maybe $100 million a year! It is huge.

So, consumers are getting a poor payout for their premiums paid into Eldershield.

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