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[ale] I'm confused
- Subject: [ale] I'm confused
- From: michael at potter.name (Michael Potter)
- Date: Fri, 19 Nov 2010 07:31:32 -0500
- In-reply-to: <[email protected]>
- References: <1290132299.2860.4.camel@cfowler-desktop> <[email protected]> <1290133310.2860.7.camel@cfowler-desktop> <1290135030.2860.10.camel@cfowler-desktop> <[email protected]> <[email protected]>
On Thu, Nov 18, 2010 at 11:48 PM, Chris Fowler
<cfowler at outpostsentinel.com> wrote:
>
> You can't sell insurance policies that cover the past. ?It would be an instant win for the company.
>
Actually, selling insurance policies that are backdated is common.
The advantage to the customer is that they can get a lower rate
because the policy is backdated to before a birthday that gives them a
lower rate going forward. The downside to the customer is they have
to pay extra premium up-front.