by jessicarossinsurance » Tue Sep 26, 2017 08:15 am
Hi,
I'll try not to make this too long. For 14 years I have paid my yearly premium on time, no issues. Then this past year I accidentally sent the payment (on time) to my wife's policy. I assumed once they could confirm (30 days later) what happened that they'd turn my policy right back on. No such luck. I have discussed it with customer service and their supervisors and all they will say, over and over, is "it's in underwriting and takes 90-120 days". I have explained to them that I did my part and sent the forms right back in and called the doctor to be sure there were no delays. They sent the request to Backus and they turned it around in a few days. USFLI had the results back in under 30 days. Now they are saying "it's in underwriting and will take 90-120 days". I can't determine is this is just a scam and it will sit in a tickler file to be looked at in 120 days or perhaps in 120 days they'll say "it'll be another 90-120 days". Because I'm 14 years older, to get a new policy would be about $500 more per year which I'd rather not pay for no reason at all. Any thoughts? Am I just wasting my time waiting and should bite the bullet and get a new policy elsewhere and pay the money? I'm not sure if it's just USFLI that are completely sleazy or if it's the entire industry? And what if something did happen to me, I feel like that John Grisham book and that my wife would never be able to collect anyway. Ok, in fairness, they win the law suit in the John Grisham book but I think that was a fluke.
Any advice would be greatly appreciated.
Please help.
Thanks!
I didn't find the right solution from the Internet.
References:http://www.insurance-forums.net/forum/life-insurance-forum/reinstatement-u-s-financial-life-insurance-t90128.html
Corporate Infographic Animation
I'll try not to make this too long. For 14 years I have paid my yearly premium on time, no issues. Then this past year I accidentally sent the payment (on time) to my wife's policy. I assumed once they could confirm (30 days later) what happened that they'd turn my policy right back on. No such luck. I have discussed it with customer service and their supervisors and all they will say, over and over, is "it's in underwriting and takes 90-120 days". I have explained to them that I did my part and sent the forms right back in and called the doctor to be sure there were no delays. They sent the request to Backus and they turned it around in a few days. USFLI had the results back in under 30 days. Now they are saying "it's in underwriting and will take 90-120 days". I can't determine is this is just a scam and it will sit in a tickler file to be looked at in 120 days or perhaps in 120 days they'll say "it'll be another 90-120 days". Because I'm 14 years older, to get a new policy would be about $500 more per year which I'd rather not pay for no reason at all. Any thoughts? Am I just wasting my time waiting and should bite the bullet and get a new policy elsewhere and pay the money? I'm not sure if it's just USFLI that are completely sleazy or if it's the entire industry? And what if something did happen to me, I feel like that John Grisham book and that my wife would never be able to collect anyway. Ok, in fairness, they win the law suit in the John Grisham book but I think that was a fluke.
Any advice would be greatly appreciated.
Please help.
Thanks!
I didn't find the right solution from the Internet.
References:http://www.insurance-forums.net/forum/life-insurance-forum/reinstatement-u-s-financial-life-insurance-t90128.html
Corporate Infographic Animation
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