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I'm traveling to Orlando next summer for two weeks. I don't have enough points for a two week stay but I know there has often been availability in the <60 day timeframe for a discount. Does anyone know if I can book 1 week, say at Cypress Pointe and purchase the insurance, then cancel and rebook at a discount if and when there is availability? Thank you.
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Sure, you can do that if there's still availability, but what you have to watch out for is don't cancel your week thinking it will pop back up for you to book!!!Originally posted by spartn1 -
I agree - don't cancel expecting to get the time you booked. Only cancel to get the points back.
There always seems to be some availability at CP2. DRI should begin discounting Orlando Summer before the 60 day window - watch the specials! Then check availability. If its there cancel and rebook. Then you'll have your 2 weeks. Otherwise, you'll still at least have the one.
Another option is to book Mon of week 1 to Fri of week 2 avoiding one of the two weekends will save you allot of points.Comment
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Also, look for some Getaway Specials from II for that time period.Comment
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Thanks
Thank you. That's the only way we'd be able to do it for 2 weeks...now I just need to wait for the 10 month window to reserve...Comment
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I am re-examining our life insurance needs prior to the Big-40. We currently have a 20-yr Term life insurance policy but have re-evaluated it and we are probably under-insured to pay off the mortgage and the kid’s education. I have asked my company to send me a quote on changing my current policy, but I am wondering if there is a better way or better life insurance which I can buy.Comment
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One of the best strategies for someone your age - especially if in good health - is to purchase a 20 year term policy that is fully convertible to a permanent policy throughout the entire term. You will then have the option to convert the policy at any time within the next 20 years without any additional underwriting or evidence of insurability. Conversion can be for any amount of coverage up to your original DB, and the new conversion premium amount is determined at attained age. This type of policy will require full underwriting initially, and it will have slightly higher rates than typical black-friday-door-buster policies.Originally posted by ethanparker3055
The key to this strategy is to purchase as much DB as you can afford on the initial term, this way you are getting maximum benefit at term rates. Should health issues arise during the term your insurability is protected, and you can exercise the option to convert to permanent coverage. You can also decide at that time how much you may want to reduce your DB (if any) depending on both your insurance needs and the cost of insurance.
My wife and I did this over ten years ago and originally bought $500k policies on each of us. Now in our 50's we are considering using some lumpsum initial funding to keep premiums down, and converting to $250k - $300k DBs.
Hope this is helpful and good luck!Comment
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Why do we even leave this guy's post for singlemalt to pontificate on??????Originally posted by ethanparker3055
Originally posted by singlemalt_18... not enough time for all the timeshares ®Comment
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right own.Comment
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Originally posted by ethanparker3055Mods note: This thread is not a discussion of general insurance questions. I left the first post up, after removing a commercial link, because I expect the issue to be self-correcting. If this thread continues to head in a vein that has nothing to do with reservation protection insurance, I will step in.Originally posted by singlemalt_18“Maybe you shouldn't dress like that.”
“This is a blouse and skirt. I don't know what you're talking about.”
“You shouldn't wear that body.”Comment
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I’ll attempt to pacify thread purists by getting back on topic.Originally posted by dwmantz View Post
We always travel in the fall and learned that the Diamond reservation insurance is generally NOT a wise option when booking later in the calendar year. You also need to take into consideration the point banking deadlines.
For instance, if you are booking a trip in Q4 of the calendar year, and you need to cancel at some time approaching your reservation date, the insurance will preserve your points. However, if you are not able to plan another trip, or make another suitable reservation before the end of the year, you are still limited to banking only 25% of your points into the following year because of the banking deadlines. The insurance is then only saving 25% of your points if you want to push them into the next year. For many, alternative dates and locations are not a viable option during the holiday season.
A Q4 scenario means you are paying the insurance at a 400% premium compared to purchasing the protection for a reservation in the first six months of the year which will protect the option of banking ALL of your points into the following year. If you cancel a Q3 reservation, you will only be able to bank 50% of your points, so the insurance is only protecting half.
The insurance provides the most value for the dollar if you are making a reservation for some time within the first six months of the calendar year.Comment
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