UPDATED: Feb 25, 2020
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Do you remember those old School House Rock educational videos? You know, the jams with titles like ‘Conjunction Junction’ and ‘I’m Just a Bill?’ Well, Metropolitan Life Insurance Company (MetLife) has put together an educational video with a similar theme as the School House Rock videos. The topic of the video is risk pooling in insurance. Risk pooling in insurance is a form of risk management in which insureds are ‘pooled’ together to help spread risk and keep any one individual from suffering large losses. It allows protection at a fraction of the cost it would take to do it alone.
Risk pooling is a basic component of insurance and this video does a good job of simplifying the topic. While it may not receive any ‘Kids Choice Awards’ anytime soon, it is still worth the time to watch.