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Hi my mother had a group universal policy with her employer,

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Posted: Mon Nov 09, 2009 2:40 am   Post subject: Hi my mother had a group universal policy with her employer,   Hi my mother had a group universal policy with her employer, she was laid off and was allowed to take the policy with her.October 1, 1990 = $45,000 with an automatic increase coverage option(x5) enrollment, the increase only occurs if there is a salary increase. This option ends upon leaving her employer in 1998. She requested and additional Oct. 20, 1990= $29,000. This changes her coverage to $74,000. by 2007 the coverage amount is $87,000. What are some things that could have happen to, to change the coverage amount.	lexingtonhamilton New member Joined: 09 Nov 2009 Posts: 6 2.52 Dollars($)
Posted: Mon Nov 09, 2009 6:17 am   Post subject:    Did you go through her policy papers? Go through the benefits and the exclusions to check the causes of a possible coverage increase/decrease. Regarding the cash value, she should get it and I don't see any problems with that. Perhaps there are no tax penalties for the cash value. _________________ Register Now to have your Insurance queries solved.	anonymous12 Guest
Posted: Tue Nov 10, 2009 9:16 pm   Post subject:    The insurance company has deny my appeal cliams , the information the they provide contridicts other documents that were provided to me. Is it illegal to file wrong information about the policy holder. For instance gender, Annual Compensation amount before employment ended. Mother's request for a full investigation of policy's cash accumulation fund, but was never done. Many phone calls by insured about the mishandeling of funds in cash Accuulation fund... _________________ Register Now to have your Insurance queries solved.	Lexington Hamilton Guest

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