Selling State Farm Life..Good Idea?

[Markthebroker]

You are welcome to explain how that is incorrect.

Only if you can explain again how men can get pregnant. I find it so entertaining.

 

[Markthebroker]

There are annually renewable life and di policies that increase each year just like home/auto does.

We are dealing with rampant non renewals and rate increases at renewals when in most cases there are no unexpected changes to the risk.

Is that how life and di policies are?

 

[scagnt83]

Also, what about changing driving records and regulations? If a driver got a DUI on a non - can auto policy, would they retain the same rate? I suppose that would give plenty of incentive to never sell the car. What happens if the car is totaled though? Would that be the equivalent of a life face amount payout? Also would the face amount equate to the liability limit or physical damage coverage?

What happens with life insurance if the insured chooses to start binge drinking? Or smoking? Or using drugs? Or eating 10,000 calories per day?

Underwriting is based on statistical averages, along with that persons individual stats.

Disability has multiple types of coverage, just like auto. Fully disabled, partially disabled, catastrophically disabled, recovery benefit, inflation benefit, etc. etc.

And yes, new car, new underwriting.

DUI rates have decreased in the US. Statistically, that factor should be less expensive than it was a decade ago. Do you think DUIs dont impact life or di claims??!!

Variables are taken into account during underwriting based on historical statistics. Most of those statistics have not seen huge price increases, other than litigation.

If life and disability insurers can account for the randomness of people and their life changes..... P&C should be able to as well imo.

 

[scagnt83]

Only if you can explain again how men can get pregnant. I find it so entertaining.

You have issues. And I have never said that.

 

[scagnt83]

The cost of of parts went up, as did the severity of accidents. Dramatically.

They didnt go up any more than the year before. I provided a reference. Again, historical inflation for car repairs is fairly consistent.

But I understand that you just want to prove me wrong because we disagree about politics.

 

[scagnt83]

We are dealing with rampant non renewals and rate increases at renewals when in most cases there are no unexpected changes to the risk.

Is that how life and di policies are?

If there are no unexpected changes to the risk, why is that? Drastic underpricing on the front end?

Annually renewable life and di policies do see rate increases most years. They do not see rampant non-renewals.

 

[Markthebroker]

If there are no unexpected changes to the risk, why is that? Drastic underpricing on the front end?

Annually renewable life and di policies do see rate increases most years. They do not see rampant non-renewals.

They didnt go up any more than the year before. I provided a reference. Again, historical inflation for car repairs is fairly consistent.

But I understand that you just want to prove me wrong because we disagree about politics.

Fine. Then the repair and body shops I insure, and carriers that told me that are lying. You win.

 

[Al3x Lee]

@shawnmwalker Thoughts on non-cancellable PL P&C policies?

 

[Markthebroker]

If there are no unexpected changes to the risk, why is that? Drastic underpricing on the front end?

Seriously? You felt pretty clever calling me a racist, but you're not too smart with real facts.

I'll give a hint. Look out the window. How is your air quality on the east coast these days?

Think hard.

 

[scagnt83]

Seriously? You felt pretty clever calling me a racist, but you're not too smart with real facts.

I'll give a hint. Look out the window. How is your air quality on the east coast these days?

Think hard.

You said there are no unexpected changes to risk. I was quoting you...

We are dealing with rampant non renewals and rate increases at renewals when in most cases there are no unexpected changes to the risk.

And I called you a bigot. All racists are bigots, but not all bigots are racist.