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Address 2 Dear Name  Mutual of Omaha  Form

Address 2 Dear Name Mutual of Omaha Form

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the various types of insurance and how they work can seem like a complicated process that's why we'd like to answer a few key questions about how our company functions we've all heard about premiums and claims but how do they work together within the company a premium is the amount an individual or business pays for an insurance policy and a claim is the amount paid out to the customer when certain conditions are met premium and claim payments are generally separated by many years so we make an estimate of future claims based on what we know today we set money aside or in a reserve to fulfill the promises we've made to our customers whether these claims come in tomorrow or in 30 years we price our products to ensure an appropriate amount of Premium goes directly towards paying customer claims in a sense Mutual of Omaha runs a lot like you might run your household you make income a good chunk of that goes to expenses and taxes you put some away for a rain

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