I'm gonna go back to insurance. When I walked into the firm I worked for, when they were trying to. Because what it was was a portfolio of universal life insurance policies. And When I got there, it was probably about a billion dollars worth of [universal life insurance policies]. And when I left, there was about 4 billion worth of it. And so how it worked without getting too far into the weeds, is you have to figure out how much cash you were going to pay the insurance company to keep the policy alive. (08:28–08:35)
CLAIM
Asserts the growth of the insurance portfolio from $1 billion to $4 billion.
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