I guess we'll have to agree to disagree. There's no way if I cancel my policy 3 months into the 6 month term, I'm losing 3 months of premium. If that were the case, practically no one would pay in full.
If you were saying that if I canceled 2.5 months into a 6 month term, I would lose that half a month of premium, I might believe you, but again that's going to happen whether you're paying monthly or in full.
Also I haven't mentioned that (1) it's much more convenient to pay it once every 6 months on a credit card and not send in payment coupons every month (don't forget the stamps), and (2) canceling a policy mid-term is going to be a pretty uncommon occurrence.
Last edited by sweeps : 04-14-2008 at 07:01 AM.
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