John Staggs
New Member
- 3
Earlier this year I heard about something called Unclaimed Property and did a search out of curiosity with my (maternal) grandparents who raised me from when I was 11 - 23 years old and sadly they passed away two months apart from each other Jan. 2000 & March 2000.
My grandmother's search results pulled up something called "DeMutualization Shares" and at first had the dollar amount of "0". A few months later it showed up $702.00. I was unaware what that meant and out of curiosity I googled "demutualization". One of the results provided was a website:
MetLife Demutualization Claims - Unclaimed Demutualized Life Insurance Proceeds
This knowledge allowed me to halt the process of claiming the property listed and find out where the $702.00 came from. I found that I was listed as the insured on a policy my grandmother had through MetLife that started April of 1993. I called the ladies who worked with us heirs to the estate back in 2000 - 2005 to find out if they knew anything about the policy and it was unknown to them. MetLife was sent via certified mail several documents. The four page document for surrendering the policy (I actually just wanted general information about the policy), a scanned copy of my Texas ID w/ SS card, a personal written letter explaining in detail all that had been discovered and a request to have information sent to me, and my grandmother's death certificate.
I was told that what I am doing is useless and I should just accept the $702.00 from the stock exchange and because I personally didn't own the life insurance policy and was merely listed as insured on it and then later became an heir, that my pursuit for some sort of justice is down right a waste of time.
I recently found that either Broadway Bank Estate Dept surrender the policy to save money cost and had MetLife direct deposit $476.00 into an account under my name. That's plausible because I do recall my trustee at the time providing me a chance to open up my own bank account there. No record in their archived files shows anything about the policy. I found information online that MetLife would cancel or terminate a policy if monthly premiums weren't provided and that might be the case. MetLife didn't contact us heirs of the estate or Broadway Bank directly to talk about the fact that the policy was used on the Stock Exchange up until 2003 when and then it was posted as property of the state of Texas Comptrollers Offices and shown as Unclaimed Property.
I was informed that statue of limitations is against me but I didn't even realize that such things existed until February 2018 so not being aware of the policy existing and MetLife demutualization in 2000 doesn't apply against me and I won't back down on my pursuit of justice.
MetLife agents and the supervisor/manager named Doris have stalled the process of my request to find out general policy information, the microfilm of who and how my name was used to surrender the policy (either broadway bank initiated the surrender or MetLife did), and the policy information so I can find out through BrightHouse what was done back in 2000 - 2003 with the shares on the stock market.
I'm fully aware of the 2012 Global Resolution Agreement:
https://www.sco.ca.gov/Files-EO/MetLife_GRA_041312.pdf
Signed by MetLife & Prudential is a document showing they are accepting fault and resolution to the fact that during 2000 and before that, Metlife didn't use the Death database(s) to pursue that #1. My grandmother had deceased Jan. 14, 2000 and provide notice of the demutualization to either my grandfather who was still alive until March of 2000. #2. Metlife didn't pursue providing correspondence to Broadway Bank that the policy was going to be used on the stock exchange (if they did it would have been incorporated into the estate) or didn't provide in general the aspect that they acknowledged either my grandmother's death or my name as insured on that policy.
MetLife agents have stalled the process of me receiving any correspondence since Sept 2018 since they have received proof and request for myself to receive the mail. They mailed out the documents on October 12, 2018 to an address reflecting my very first apartment when I was 23 in San Antonio and won't (even though they have document proof that I don't live there anymore) they have told me they won't change the address to my present address in Austin.
Folks, this ordeal i'm under has been so frustrating and soul consuming and how insulting for MetLife to illogically stamp down some authorization that I don't have anymore rights to receive correspondence to my current address in 2018. I am looking for anyone out there who can provide some sorta insight or helping hand because I know that Doris, the manager I spoke with on the phones, isn't going to give me a straight answer tomorrow November 1st, 2018 for why in the last 5 business days, she cant acknowledge sending documentation to my present address in Austin, Texas.
I think Broadway Bank and MetLife both know that wrong doing was done back in 2000 and they don't realize that I actually have a logic to my request of information. I backed out of claiming those demutualization shares because MetLife is under penalty for mishandling the entire life insurance policy. My grandparents didn't have a chance to vote for the demutualization since my grandmother because ill and was stuck in a hospital during the time in 1999 when things were being discussed with policyholders. She died in January 2000 and demutualization occured in April of 2000. A direct deposit of $476 was done early November of 2000 into a bank account under my name without myself knowing what the heck was going on. I have arrived at this moment in time seeking justice from my fellow human beings that aren't subjects to the matters at hand and can provide possibly some help.
Please help me out: John Staggs, Austin, Texas [email protected]
My grandmother's search results pulled up something called "DeMutualization Shares" and at first had the dollar amount of "0". A few months later it showed up $702.00. I was unaware what that meant and out of curiosity I googled "demutualization". One of the results provided was a website:
MetLife Demutualization Claims - Unclaimed Demutualized Life Insurance Proceeds
This knowledge allowed me to halt the process of claiming the property listed and find out where the $702.00 came from. I found that I was listed as the insured on a policy my grandmother had through MetLife that started April of 1993. I called the ladies who worked with us heirs to the estate back in 2000 - 2005 to find out if they knew anything about the policy and it was unknown to them. MetLife was sent via certified mail several documents. The four page document for surrendering the policy (I actually just wanted general information about the policy), a scanned copy of my Texas ID w/ SS card, a personal written letter explaining in detail all that had been discovered and a request to have information sent to me, and my grandmother's death certificate.
I was told that what I am doing is useless and I should just accept the $702.00 from the stock exchange and because I personally didn't own the life insurance policy and was merely listed as insured on it and then later became an heir, that my pursuit for some sort of justice is down right a waste of time.
I recently found that either Broadway Bank Estate Dept surrender the policy to save money cost and had MetLife direct deposit $476.00 into an account under my name. That's plausible because I do recall my trustee at the time providing me a chance to open up my own bank account there. No record in their archived files shows anything about the policy. I found information online that MetLife would cancel or terminate a policy if monthly premiums weren't provided and that might be the case. MetLife didn't contact us heirs of the estate or Broadway Bank directly to talk about the fact that the policy was used on the Stock Exchange up until 2003 when and then it was posted as property of the state of Texas Comptrollers Offices and shown as Unclaimed Property.
I was informed that statue of limitations is against me but I didn't even realize that such things existed until February 2018 so not being aware of the policy existing and MetLife demutualization in 2000 doesn't apply against me and I won't back down on my pursuit of justice.
MetLife agents and the supervisor/manager named Doris have stalled the process of my request to find out general policy information, the microfilm of who and how my name was used to surrender the policy (either broadway bank initiated the surrender or MetLife did), and the policy information so I can find out through BrightHouse what was done back in 2000 - 2003 with the shares on the stock market.
I'm fully aware of the 2012 Global Resolution Agreement:
https://www.sco.ca.gov/Files-EO/MetLife_GRA_041312.pdf
Signed by MetLife & Prudential is a document showing they are accepting fault and resolution to the fact that during 2000 and before that, Metlife didn't use the Death database(s) to pursue that #1. My grandmother had deceased Jan. 14, 2000 and provide notice of the demutualization to either my grandfather who was still alive until March of 2000. #2. Metlife didn't pursue providing correspondence to Broadway Bank that the policy was going to be used on the stock exchange (if they did it would have been incorporated into the estate) or didn't provide in general the aspect that they acknowledged either my grandmother's death or my name as insured on that policy.
MetLife agents have stalled the process of me receiving any correspondence since Sept 2018 since they have received proof and request for myself to receive the mail. They mailed out the documents on October 12, 2018 to an address reflecting my very first apartment when I was 23 in San Antonio and won't (even though they have document proof that I don't live there anymore) they have told me they won't change the address to my present address in Austin.
Folks, this ordeal i'm under has been so frustrating and soul consuming and how insulting for MetLife to illogically stamp down some authorization that I don't have anymore rights to receive correspondence to my current address in 2018. I am looking for anyone out there who can provide some sorta insight or helping hand because I know that Doris, the manager I spoke with on the phones, isn't going to give me a straight answer tomorrow November 1st, 2018 for why in the last 5 business days, she cant acknowledge sending documentation to my present address in Austin, Texas.
I think Broadway Bank and MetLife both know that wrong doing was done back in 2000 and they don't realize that I actually have a logic to my request of information. I backed out of claiming those demutualization shares because MetLife is under penalty for mishandling the entire life insurance policy. My grandparents didn't have a chance to vote for the demutualization since my grandmother because ill and was stuck in a hospital during the time in 1999 when things were being discussed with policyholders. She died in January 2000 and demutualization occured in April of 2000. A direct deposit of $476 was done early November of 2000 into a bank account under my name without myself knowing what the heck was going on. I have arrived at this moment in time seeking justice from my fellow human beings that aren't subjects to the matters at hand and can provide possibly some help.
Please help me out: John Staggs, Austin, Texas [email protected]
