I need to go get an xray of my foot because it is broken but I don't want to, maybe I'll just keep walking on it and it'll heal perfectly and not weird and misaligned at all.
I need to go get an xray of my foot because it is broken but I don't want to, maybe I'll just keep walking on it and it'll heal perfectly and not weird and misaligned at all.
I need to go get an xray of my foot because it is broken but I don't want to, maybe I'll just keep walking on it and it'll heal perfectly and not weird and misaligned at all.
does anyone have any idea why lump-sum insurance premiums are such a vast discount? iirc you're legally entitled to a prorated refund if you cancel so what's the deal? i could see a buck or two to save them credit card merchant fees but i'm literally savings 54 dollars today by paying for a year of renters' insurance rather than 12 individual payments
Insurance companies make money not by paying out less than they take in premiums (in fact they tend to aim to take in only as much as they pay out because that makes them competitive on price) but by investing the premium they hold less their existing liabilities.
If you pay in instalments what's actually happening is that they are borrowing the full amount of the premium when you take the insurance out and then charging you for the repayments on that loan.
So, for a given premium that they want to take the cost to the policyholder is either the bare premium as a lump sum, or the total cost of borrowing that amount over the policy term repaid in instalments.
huh, that's a great explanation i never considered
from my end it's a no brainer, though, right? if x is my lump sum payment and y is my monthly payment without a lump sum and z is my total cost via monthly payments, there is no way that investing z - y in month 1 and z - 2y in month 2 etc etc is going to net me more than x.
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21stCenturyCall me Pixel, or Pix for short![They/Them]Registered Userregular
does anyone have any idea why lump-sum insurance premiums are such a vast discount? iirc you're legally entitled to a prorated refund if you cancel so what's the deal? i could see a buck or two to save them credit card merchant fees but i'm literally savings 54 dollars today by paying for a year of renters' insurance rather than 12 individual payments
Insurance companies make money not by paying out less than they take in premiums (in fact they tend to aim to take in only as much as they pay out because that makes them competitive on price) but by investing the premium they hold less their existing liabilities.
If you pay in instalments what's actually happening is that they are borrowing the full amount of the premium when you take the insurance out and then charging you for the repayments on that loan.
So, for a given premium that they want to take the cost to the policyholder is either the bare premium as a lump sum, or the total cost of borrowing that amount over the policy term repaid in instalments.
huh, that's a great explanation i never considered
from my end it's a no brainer, though, right? if x is my lump sum payment and y is my monthly payment without a lump sum and z is my total cost via monthly payments, there is no way that investing z - y in month 1 and z - 2y in month 2 etc etc is going to net me more than x.
For you as a consumer it is basically the difference between buying something outright and buying something on credit. In fact a lot of the time monthly insurance premiums in the UK are explicitly presented as credit agreements of that type.
So you're pretty much always better off paying as a lump sum, if able.
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surrealitychecklonely, but not unloveddreaming of faulty keys and latchesRegistered Userregular
My favorite part of Best of Both Worlds was in part 2 where Borgard is just wandering around the Enterprise calmly informing each individual crew member how they will be assimilated. It was just very unintentionally (or maybe intentionally?) hilarious.
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this plan is flawless i love it
This seems wise.
This will end totally fine.
huh, that's a great explanation i never considered
from my end it's a no brainer, though, right? if x is my lump sum payment and y is my monthly payment without a lump sum and z is my total cost via monthly payments, there is no way that investing z - y in month 1 and z - 2y in month 2 etc etc is going to net me more than x.
Yesssssss
GOTY 2014 Hands down Pantas down.
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If there's one thing Obama can do it's think.
"Would you like to join the Ku Klux Klan?"
"Hell no."
"What if we sweetened the deal a little? Eh? Eh?"
Goatee, scheck.
The extra e is for ecstasy.
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For you as a consumer it is basically the difference between buying something outright and buying something on credit. In fact a lot of the time monthly insurance premiums in the UK are explicitly presented as credit agreements of that type.
So you're pretty much always better off paying as a lump sum, if able.
http://brandonbird.myshopify.com/collections/shia-labeoufs
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animes assemble
Geth shall prevent this.
omgggg
@Thomamelas @MrAnthropy @Elldren @Mazzyx @RMS Oceanic @Regina Fong @AManFromEarth @Feral etc etc
Shia...
Actual Time Trav'ler, Shia Lebeouf.
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your faith is justified
"Faith"
is the KKK actually an illegal organisation?
is it a crime to be a member?
| ) )
omg
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If I were Shia lebeouf I would buy all of these and have a hall of shias
Any sane network would have fired him for that.
Geth, Pick me and i won't post a butt, saving us all some dignity.
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At one point she says 'younglings'.
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On average, this thread was blasting along at warp 3.9
@21stCentury will create the new thread
@Mazzyx is backup