Policy Math: Excess, Reimbursement Rate and Annual Limit
This lesson is part of the course
In this lesson
You turn a fictional policy's premium, excess, reimbursement rate and annual limit into what the insurer pays and what Jonas pays in six scenarios, then find the vet bill at which the policy breaks even and the bill at which the limit kicks in.
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Lessons in this course
- First-Year Costs: One-Off Purchases by Category Locked
- Recurring Costs: Weekly, Monthly and Yearly Bills in One Annual View Locked
- Lifetime Cost: Inflation, Senior Years and Present Value Locked
- Vet-Cost Scenarios: Expected Annual Cost by Age Locked
- Policy Math: Excess, Reimbursement Rate and Annual Limit Locked
- Premiums That Rise With Age: Cumulative Premiums vs Expected Claims Locked
- Self-Insurance: Building a Vet Fund With NPER, PMT and FV Locked
- Holiday Care: Kennel vs Sitter vs Friend and a Decision Chart Locked