MTHEL131 Lecture Notes - Procrastination, Chemotherapy, Financial Independence
11 May 2013
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Profile of life & health insurance industry: it offers wild range financial security produces. Small investors get together, and can have a mutual fund. Tax free saving account: protests for more than 26,000,000 canadians. Life & health insurance industry pays out . 1 billion in benefits to canadians every week! 90% of these payments to living benefit: retired, disability income benefit payable, health care cost. 10% to death benefit: play important role in meeting financial needs in different levels government in. Development project (rood, infrastructure, school, prison, etc. ) * role of life & health insurance industry: buying bonds. Government bonds represents 18% of life & health insurance industry investment in. Greek situation: sell new bonds to pay old bonds (with high sell) Government is not the only people to raise money or finance projects through bonds. Larger corporation financing from issuing bonds: ex. Pay by 6% from corporate bond compares to 2% or 3% of government bond.
