Understand payments involved with insurance.
is a monthly payment
is a payment to the policy
is a payment to the doctor
is a fixed payment for
treatment

Payments involved with insurance is a payment to the policy

Explanation:

Insurance policies work like loans in a sense only different in a way that they anticipate that not all that want to claim the insurance will ever need to cover their full costs according to it.

Insurance companies extract a monthly or an yearly payment from a person and in return bids to cover their medical or other expenses whenever it is required during an year to year basis with certain restrictions and terms and conditions in place.

being born in poverty would limit the people's chances, opportunities and benefits.

this happen because of several things, such as:

- poor people tend to gain less access to good education and nutrition. this mean that their chance to obtain high paying jobs would also be limited.

- poor people tend to socialize with other poor people while the rich tend to socialize with other rich people. this means that simply throguh their social circle, rich people would have more business opportunities compared to the poor people.

- rich people tend to have more capital in their disposal. this would benefit them in business since it is far easier for them to fund their business operation compared to poor people.