Archive for July, 2012

Truth in Naming

July 10th, 2012 No comments

A couple of years ago I was introduced to a policy owner who discovered he had an “issue” with his policy and the insurance carrier.  The back story is pretty simple; a 30 year old purchased a $2,000,000 whole life policy from a top rated, highly respected mutual insurance carrier on a “10 pay” basis.  I personally reviewed the sales ledger and this is indeed what he signed off on.  This individual recently turned 40 and assumed his policy was “paid up”, as most policy owners do.  He contacted his agent: Read more…

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