Do they have a history of doing that?
UHL Calling Me on Contestable Claim. NEED ADVICE!
- Thread starter Macker77
- Start date
Do they have a history of doing that?
Every company does that if the policy is rescinded.. Since they refund all premiums paid, there is no earned commission. However, if I were a betting man, without knowing any details, I would bet the claim would be paid. Companies pay more contestable claims that they rescind so the odds would be with me.
- 26,077
That is my experience as well. There is always a lot of talk about contestable claims not paid. It happens but my experience is it is rare. Same with resisions.
- 19,578
I'm not a gambler but I would bet on this. My bet is that they will not pay the claim. It's a bet I won't mind losing but doubtful I will.
Whats the old saying, the underwriting really starts if a death within 2 years lol
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Yea i know that i meant specifically uhl, do they have a reputation of screwing people.
Hope the OP will inform of us of the final decision.
I just took a full chargeback on a contestable claim, a policy i wrote about 18 months ago. I didnt even know they had come to the decision on it. I want to find out why they didnt pay the claim, but I know they probably wont tell me. It wasnt UHL, it was a different carrier, but nonetheless it still sucks for the beneficiary and for me.
I'm with JD on this one.
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