hello, my name is vic schumacher. the companyis hpe financial services. a question was recently asked how do insurance companiesestablish premiums? premiums are determined by the company in a way by a mathematiciancalled an actuary, and they decide exactly what are the odds of something happening occur,okay? based upon this risk of loss they will come up with certain dollar amounts on thepremiums, the odds in other words. premiums are also determined by the type of person,the job that you might have, the gender of the person seeking those premiums, the ageof the person if it comes with life insurance or health insurance. and many times the policiesthemselves have premiums determined by the state, the state in which the insurance companyis selling its product. some would be state
regulated, and they cannot go beyond a certainlimit. sometimes they can be raised or lowered based upon the requirements of the state.premiums themselves will always change, especially with life insurance and health insurance becausethe person gets older year after year, so you have to adjust for that factor as well.i hope this was helpful. my name is vic schumacher, company is hpe financial services.