Insurance (Life Insurance, Health Insurance, Auto/Car Insurance, etc.) Explained in One Minute

A one minute animation which explains how insurance works, from "mainstream" insurance products such as life insurance, health insurance and auto/car insurance to "exotic" options such as credit default swaps.
Insurance is, let's face it, an important part of our day-to-day existence but realistically speaking, most people don't meaningfully understand how insurance works.
Sure, they'll say they kind of, sort of understand life insurance, health insurance or auto/car insurance but in most cases, their insurance-related knowledge rests on a shaky foundation.
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[@rohanjeet3034]

what are the positive conditions in which state provides insurance?

[@maxpayne438]

You need sound absorption plates, I can hear echo

[@jackattack4655]

Hey may i use this video and have permission from you?

[@OneMinuteEconomics]

As long as you mention the source so as to give me credit as the author, sure thing :)

[@jackattack4655]

Fabulous I will

[@raynarayskye]

Thanks

[@ThunderMaster1764]

1:02 I don't understand how if you need the health insurance money more they will make you pay more.

[@OneMinuteEconomics]

The section in question refers to the fact that as an insurer, it makes sense to deploy risk optimization by among other things making those who smoke, have problematic driving records and so on pay more. Why? Simply because the probability of individuals who exhibit riskier behavior of needing insurance money tends to be greater compared to more prudent individuals :)

[@AbbreviatedReviews]

If you're going to be recording all of your own stuff, invest the $5-10 in a pop filter and things will sound a lot better. You might also benefit by backing off the mic a bit and adjusting the levels accordingly.

[@AbbreviatedReviews]

You can use a pop filter with any type of mic, all it does is stop fast moving air from your mouth from hitting the mic. Condenser mics also tend to use foam that has the same effect along with warming up the tones a bit (and muffling sound).

[@nicewater894]

@@AbbreviatedReviews I like the spit in my ear no thanks