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.
http://tklcloud.com/MAS/publicview.aspx?class=20
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.
http://tklcloud.com/MAS/publicview.aspx?class=20
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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