Comments on: Why I would gladly pay millions for disability insurance… http://mindyourdecisions.com/blog/2009/07/30/why-i-would-gladly-pay-millions-for-disability-insurance/ Articles on game theory and personal finance Thu, 29 Jul 2010 12:43:59 -0500 hourly 1 http://wordpress.org/?v=3.0 By: Presh Talwalkar http://mindyourdecisions.com/blog/2009/07/30/why-i-would-gladly-pay-millions-for-disability-insurance/comment-page-1/#comment-5542 Presh Talwalkar Sun, 30 Aug 2009 13:31:01 +0000 http://mindyourdecisions.com/blog/?p=1554#comment-5542 <b><em>Chris</b></em>: Thanks for the extra information--makes sense. <b><em>SajitK</b></em>: Good point. I seem to remember that Bagwell was probably healthy enough to play and wanted to play. But the Astros encouraged him to be on the disabled list to help their case for collecting on disability. And that's why the claim was ultimately denied. Chris: Thanks for the extra information–makes sense.

SajitK: Good point. I seem to remember that Bagwell was probably healthy enough to play and wanted to play. But the Astros encouraged him to be on the disabled list to help their case for collecting on disability. And that’s why the claim was ultimately denied.

]]> By: SajitK http://mindyourdecisions.com/blog/2009/07/30/why-i-would-gladly-pay-millions-for-disability-insurance/comment-page-1/#comment-5444 SajitK Fri, 07 Aug 2009 13:54:54 +0000 http://mindyourdecisions.com/blog/?p=1554#comment-5444 "The only data I could find is about baseball. In 2006, the Houston Astros were denied a claim of $15.6 million for injured first baseman Jeff Bagwell. And according to ESPN, the Astros paid about $2.4 million in premium." What good is this risk-hedging if the insurer won’t pay? I have anecdotal evidence (from employees of health insurance companies), that they are encouraged to decline claims. “The only data I could find is about baseball. In 2006, the Houston Astros were denied a claim of $15.6 million for injured first baseman Jeff Bagwell. And according to ESPN, the Astros paid about $2.4 million in premium.”

What good is this risk-hedging if the insurer won’t pay? I have anecdotal evidence (from employees of health insurance companies), that they are encouraged to decline claims.

]]> By: Chris http://mindyourdecisions.com/blog/2009/07/30/why-i-would-gladly-pay-millions-for-disability-insurance/comment-page-1/#comment-5434 Chris Tue, 04 Aug 2009 02:28:30 +0000 http://mindyourdecisions.com/blog/?p=1554#comment-5434 You're right with your second guess...for the younger players, these policies cost 1% of the sum insured, or, $10,000 for every $1,000,000 selected. You’re right with your second guess…for the younger players, these policies cost 1% of the sum insured, or, $10,000 for every $1,000,000 selected.

]]> By: Jannie Funster http://mindyourdecisions.com/blog/2009/07/30/why-i-would-gladly-pay-millions-for-disability-insurance/comment-page-1/#comment-5420 Jannie Funster Sun, 02 Aug 2009 02:30:04 +0000 http://mindyourdecisions.com/blog/?p=1554#comment-5420 This reminds me that Mary Hart (Entertainment Tonight,) had her gorgeous legs insured for $1,000,000. Just a passing memory. This reminds me that Mary Hart (Entertainment Tonight,) had her gorgeous legs insured for $1,000,000.

Just a passing memory.

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