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In Reply to: WHAT DO INSURANCE COMPANIES DO WITH CASH VALUES IN CV POLICIES posted by KEN YOUNG on August 30, 2001 at 05:43:13:
Here is the quote from that message board posted by the person who admittedly spent a number of years with PFS at one time and now is allegedly is still in the insurance business but with a different organization.
Quote..."Now I am sure they invest some of the money and therefore thy make some money that way, Bingo".
--Actually, this was TWO posts that Ken has combined in to one.
--As for the rest of your post, Ken, if you will go back to the original post, you will notice that the question was NOT where do they spend the money, it was NOT what do they do with the money, it was how do they MAKE money from insurance premiums paid on CV policies. Had he asked where, what or how the premium monies were SPENT or what they did with the money, I would have answered it pretty much the same way you did. But since he asked how they MAKE money on CV policies, I answered that they make their money by investing it, which is exactly what you have stated in your post here.
--As usual, we see Ken mis-reading the original post and then trying to draw the attention to himself as the so-called "expert". But, we all know how much of an "expert" you really are, Ken. (IRA's, $20 million fines, bought CEO awards, etc., etc.)