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WWW.CAR-DIR.COM - BUY A CAR, BUY USED CAR, BUY NEW CAR, BUY CAR ONLINE, BUY USED CAR CHEAP, BUY CAR ENGINE. - Some companies have good elimination definitions and some dont.
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| 07.01.2009 | 536 | 02:26:34 |
| Buy Car Insurance Online Is it a Stated Period Policy or a Pool of Money? Probably one of the most widely promulgated falsehoods used by unknowing agents is that benefits from any particular policy always represent a guaranteed specified pool of money. |
| Lease Vs Buy Car Some policies are a pool of money and some are not. Buy Car Insurance Online. Many agents and most all of the buying public dont understand the significance of the concept or how it works. |
| Buy And Sell Car The misconception probably occurs because all contracts whether money pools or not list a total dollar amount of benefit on the contract declaration page. For instance a $100 per day policy that pays 5 years would list a total benefit of $182000 on the declaration page. Lease Vs Buy Car. ($100 X 365 days X 5 years) Now if the policy paid only $50 per day for home carewhich is often the casethen the policy would pay 10 years instead of 5 right? |
| Buy Car On Internet It would only pay longer if it were a pool of money. If the policy is a stated period policy then it will only pay for the specified period of years whether you take out $100 per day or $20 dollars per day. Buy And Sell Car. You only get the full $182500 if you take out the full $100 per day for 5 years. |
| Buy A Car With Bad Credit If you end up using 5 years of home care you only get $91250 out of the policy before it expires. Buy Car Insurance Online. Obviously a pool of money is superior to a stated period. |
| Buy Car In India A pool of money might let you stretch a 3 year benefit to 4 6 or even 8 years if you didnt take out the maximum daily amount. A stated period policy has no stretch. Buy Car Insurance Online. So how do you know which is which? |
| Buy Classic Car You will find it in the contract language somewhere in the body of the contract. Buy Car Insurance Online. Rarely do insurance carriers disclose the benefit type in their brochures. |
| Buy Car India A pool of money uses language that refers to the maximum lifetime benefit amount. A stated period uses language that refers to benefits being paid for a period of time. Buy Car Insurance Online. 2Pool Policies Most comprehensive longterm care insurance policiessocalled integrated policiescover all benefits from the same pool of money. |
| Best Buy Car Speaker You can pick and choose between home care assisted living nursing home hospice or adult day care until the money or the stated period runs out. A 2pool policy segregates benefits into 2 pools of stated benefit periods or sums of money. The 2pool policy may be designed as an integrated policy but it may also arise from adding a home care rider to a standalone nursing home only policy. Buy Car Insurance Online. Or it may arise adding a nursing home rider to a home care policy. |
| Best Time To Buy A Car, Buy A Car On The Web The cobbled together versions usually have 2 mutually exclusive elimination periods. Buy Car Insurance Online. The integrated 2pool policy usually but not always has one elimination for both pools. Buy And Sell Car. These 2pool policies are typically less expensive than single pool types. Buy Car On Internet. This is because you may not use all of the money in one of the pools thus saving the insurance company some money. Buy Car Insurance Online. One poolas an example 3 years of benefitis for nursing homes and sometimes assisted living. |
