Wow, the surprises never end. The contract states:
Premium split 11% collateral element - 89% return element
Growth investment strategy and a dynamic premium split
I had naïvely assumed that almost 90 % of the premium goes into the fund.
to second @nabalzbhf : At the beginning of these contracts, the savings part is much lower. This is how the company builds up its cushion in case it has to pay the insurance. The savings part gradually increases over the duration of the contract.
Sad world.
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Thanks, this system is truly amazing. Once you put your finger in the mechanism, it will eat the whole arm, no matter what you do. But that’s all right; it no longer shocks me.
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Bullshit. I had the same and responded with “I want to quit the gym, ok, send me confirmation that you received and understood my request along with the forms to do so”. There was no response but then a few days later a letter appeared in my mailbox that needed a wet signature - common in CH, I understand, but possibly a way to sneak one last payment too.
Edit: of course this was after several attempts to flexiblify my payment, lower it, pause it, phonecalls (no Maria, though)…anything to stop you from quitting the gym.
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Yes, I was hoping for at least an easy administrative process (“take the money and let me leave”), but even the termination process will require some efforts.
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I really hate this ‘make it difficult for you to cancel’ as a way of trapping people into subscriptions etc.
I really wish they’d bring in a law that prevents companies from requiring you to have more cumbersome ways of cancelling than they do of signing up. You want me to sign in blood in triplicate to cancel? OK, but then to upgrade from the $3 to $9 plan should have the same requirement.
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Nothing reinstating crucifixion wouldn’t solve.
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