Foresters Death Claim?

[rousemark]

Firsr off, in the area she works it would behoove you to of color whether it's a male or a female. The only time I am of color is when I stay in the sun too long.

The other thing is that I absolutely hate doorknocking, so my heart would not be in it. I only doorknock now as a last resort and not even then if I'm at my weekly goal.

I said on the plug and learn last week that, if they made a rule that we had to doorknock, I would get out of the FE business.

Lovely has branded herself as the "insurance lady" for that community. She helps them open bank accounts to pay for their insurance and those stay on the books, too. She lives in the area that she works.

That's two things that I do not do right there. I have helped people open bank accounts in the past. I don't do that anymore. I certainly do not my backyeard. I don't even work my own county.

She is a great agent, and person. She was not only RNA's top producer for 2011, she was also the top agent for persistancy.

She found a way that works for her and good on her for it. That method is not for me.

Sounds like a agent I would like to meet..

 

[Golfnut2112]

I'd help the family file a complaint with the State DOI, and send a copy of the complaint to Foresters.

I agree! You also may want them to contact an attorney. I had a company in the mid 90's drag their feet on a claim for 7 months, they got a lawyer and won $450,000 for unfair claim settlement practices. The policy was only $5000

 

[Newby]

I agree! You also may want them to contact an attorney. I had a company in the mid 90's drag their feet on a claim for 7 months, they got a lawyer and won $450,000 for unfair claim settlement practices. The policy was only $5000

Wow! That must be one nasty attorney.

My Foresters claim has an attorney from day one but it still took 9-months.

 

[Mattschmidt]

good for them...If I was an Insuance company, and got slapped for $450K, I wouldn't screw around again...Maybe if this happened more often, these companies would pull their heads out.

 

[WinoBlues]

My longest claim was a $15,000 Genworth policy. It took 6 months. It was on my uncle. When the beneficiary, my aunt, came to the office to check on it she brought my mom. Talk about pressure.

 

[Lakewood livin]

I'm assuming the cases talked about are for medical deaths? If a client dies in an accident in the contestability period, will Foresters, or all companies for that matter take as long?

 

[rousemark]

I'm assuming the cases talked about are for medical deaths? If a client dies in an accident in the contestability period, will Foresters, or all companies for that matter take as long?

Even if it is an accidental death during the contestability period companies can (and some will) check out the answers on the application to see if they can contest the claim.

 

[theinsuranceman]

Even if it is an accidental death during the contestability period companies can (and some will) check out the answers on the application to see if they can contest the claim.

Are you sure about that? Once a person dies in an accident there is definitely no need for an ins. co. to check if the health questions were answered truthfully. How can a co. contest an accidental death? (As long as nothing seems unusual about the acc. death).

 

[rousemark]

Are you sure about that? Once a person dies in an accident there is definitely no need for an ins. co. to check if the health questions were answered truthfully. How can a co. contest an accidental death? (As long as nothing seems unusual about the acc. death).

Yes, I am sure.. They can review the policy for rescission at anytime during the contestable period, including at the time of death. If they find a material misrepresentation, they can claim that, had they known the truth they would not have issued a policy therefore no policy would have been in force at the time of the accident.

Seems I remember a row over a company that refused to pay a death benefit on a murder victim because of a material misrepresentation on the application.

 

[briko3]

Yes, I am sure.. They can review the policy for rescission at anytime during the contestable period, including at the time of death. If they find a material misrepresentation, they can claim that, had they known the truth they would not have issued a policy therefore no policy would have been in force at the time of the accident.

Seems I remember a row over a company that refused to pay a death benefit on a murder victim because of a material misrepresentation on the application.

And they were right to do so. That's why you don't lie on the app.