i was told that people pay into a social security account of some sort. my mother is deceased, left no will that i know of, where do i go to get her social security? how do i get it?...
We bought our policy last year and it is a total rip off. I could get more insurance with the same terms for less than half (and it is a term policy). Any suggestions?
If you did,please share your experience with the rest of us. Did you felt "Smart" or your intelligence was insulted?How did the conversation went when you contact the advertiser?
What ...
I live in Texas and was a work at home agent. I received a check each week, direct deposit and was with the company for almost a year. But they did not take out taxes or anything else. I was self ...
Does anybody know if it's really necessary to obtain "flood insurance" if you already have home owner's insurance? What are the chances a flood may occur?...
My Mom thought she had insurance and it was not mature. She was very sick for months and since I am an only child I was the primary care giver. I know she died with the peace that I would not be ...
i have a son and his teeth are not straight and braces are not cheap and i dont have the money but i want to put braces for him is their a procedure i can take to get a discount off of them or get ...
I just got health insurance on Nov 1st. There is a 365 day waiting period for pre existing condtions. I got sick days later & on Nov 6th went to a doctor.(palpitations) Never before this had I ...
I had two blood tests done in June and last week I received a $500 bill from the lab. I called the insurance to dispute the charges and they told me that the lab had turned in the claim with the ...
The place I work is a small office and does not currently offer health insurance. They told us that since they are an established company, the health insurance would be very expensive if they offered ...
bunneeze ♥
If a company offers an insurance cheaper when you pay monthly by Direct Debit than if you pay one lump sum?
With DD they know it will be easier to collect from you and less likely that you will go to a different company in the future. With annual or semi-annual payments it is much easier for you to switch to some other company at the end of each rate period.
So it is a marketing scam, but you do save money. If you don't like something about their service it is not that hard to cancel the DD and switch elsewhere.
Hadley
It doesn;t necessarily mean it's a scam.
However, it is more work for the insurance company, so why would it be cheaper? You have to look at things logically, as you are.
If it sounds too good to be true, it just may be.
Ask the insurance company how they can make it cheaper when it's more labor-intensive for them to do it?
Maybe it is some sort of marketing approach to get new business.
It may be a good idea to ask them so you are at ease about the situation.
Good thinking on your part...
R B
No idea but it does sound too good to be true, and you know what they say about that....I always pay yearly because it's cheaper in the long run but if this were an option I'd snap it up in an instant...Providing the premium was competitive!
mbrcatz
No, but I've never heard of anyone doing it . . .
Insuranceman
Irregardless of WHAT you call it, electronic funds transfer is the wave of the future.....and overall, it IS less expensive for an insurance carrier to to "draft" an account, than it is to print a bill, mail it, wait for it to come back and then process the check, and make entries into a customer's file.
So...they pass the saving along to the consumer.
Life insurance companies have been doing this (actually REQUIRING THIS) for years! It's really hard to find a life or health insurance company that will send you a monthly bill - they want it all done electronically.
So, is it a scam? No - it's JUST a way of life. I pay my insurance this way because I don't want to tie up an annual premium and don't really want to pay it in full!
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