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Jame Secondino |
4 H and F. F. A. Calf Club
Accrual Plan
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Insurance Rates: There are available two coverages which will automatically insures original cost and accruing value. Plan No.1 -- Six Month Accrual Plan Original cost of each calf is insured at 5% ($5.00 per $100.00), this being the only premium paid by the insured. Accruing values are covered through an automatic increase in insured value of 10% of original cost each month the policy is in force up to and including five such increases. Plan No. 2 -- Twelve Month Accrual Plan Original cost of each calf is insured at 9% ($9.00 per $100.00), this being the only premium paid by the insured. Accruing values are covered through an automatic increase in insured value of 10% of original cost each month. In this manner, the premium paid out for accrued value coverage averages out lower than the normal annual premium of 6%. By the twelfth month insured value of the calf has increased to slightly more than double the original cost. This is mortality, all risk insurance that includes transportation and exhibition. In case of death loss, indemnity will be original cost plus 10% of original cost for each month policy has been in effect.
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For More Information ... Jame Secondino |
Sites of interest: Krieger Nursery Krieger Farms
Setup & designed by: EDJE Technologies, Inc.