Thanks for the video. I'm a little confused on the trajectory of the monthly claims in the graph. If the claims are cumulative heading up towards that 1.25M aggregate attachment point, then how do the claims decrease in some months (i.e. wouldn't that mean there were negative claims values from one month to another)?
Agg coverage is not appropriate for all employers - even though it's not a lot of money to purchase. For larger employers - certainly 1,000+ covered lives, if not even smaller than this - it's wasted money to buy this type of coverage. You seem to say it's something everyone should have.
Not so much something everyone should have, but a large majority does have it. I agree with your thesis that it’s mostly unnecessary, especially the larger the group. However, I view it was sleep insurance due to its relative low cost. It’s really up to the consultant and their client to deem it necessary or not.
Hey! So what happens with the employer? The estimated amount was 1 million, but Agg didn’t cover it because it didn’t reach 1.25 Million. What happens when it lands in the corridor? Employer would be liable for those claims?
