Does backdating explain east meets west dating club
When it comes to life insurance, insurers will let you backdate a new policy a few days or even months, if by doing so you can get a lower premium.It's a little unfortunate that the word "backdating" is used for this concept, because with some other insurance products backdating can be a very bad thing.
” Their answer: competition in the market for executives.
When you buy life insurance, there may come a time near the end of the process where your broker or agent will talk to you about backdating the policy.
If this happens, don't panic—your broker didn't just turn into a con artist.
Another commonly referenced explanation of backdating is naivety, i.e.
compensation committees just don’t “get” that options are valuable and so give them out like candy.