HLI - Predicting Outcomes Lesson

Predicting Outcomes

Introduction

There is a lot of risk involved when dealing with insurance policies. You could pay for an insurance policy and never end up using the benefits. This might seem like a waste of money, but it would be a huge risk to forego the insurance and take your chances. What if something did happen? If you don’t have insurance, then you (or your loved ones) may not be protected.

Whenever there is risk involved, probability comes into play to help predict future outcomes. Probability is not an exact math but can be helpful in making smart choices.

In Your Notebook: Please take down important notes, such as formulas, and attempt the practice examples on your own before viewing the solutions!

 

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