Just one more thought further pointing toward accepting the 25% offer.
I expect that Gainbridge will cut the “add on” from 1% to its contractual minimum of 0.2% soon. That’s fully within their contractual right.
That will raise the break even compared to the 25% bonus from 25 years to 125 years.![:twisted:]( "Twisted Evil")
One final thing - being so generous with a 25% buyout offer will immunize Gainbridge from potential class action lawsuits over this matter. For example, if Gainbridge had offered just a 5% buyout, folks who took it, egged on by class action lawyers, might bring a lawsuit saying that they were “duped” to accept a 5% offer that was inferior to keeping the contract. But there’s no way a class action succeeds with a 25% buyout.
I expect that Gainbridge will cut the “add on” from 1% to its contractual minimum of 0.2% soon. That’s fully within their contractual right.
That will raise the break even compared to the 25% bonus from 25 years to 125 years.
One final thing - being so generous with a 25% buyout offer will immunize Gainbridge from potential class action lawsuits over this matter. For example, if Gainbridge had offered just a 5% buyout, folks who took it, egged on by class action lawyers, might bring a lawsuit saying that they were “duped” to accept a 5% offer that was inferior to keeping the contract. But there’s no way a class action succeeds with a 25% buyout.
Statistics: Posted by Stinky — Sat Dec 07, 2024 10:11 am — Replies 98 — Views 12364