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Re: UNUM- EXAMPLE OF BROKERED INSURANCE

Posted by bluemarlin08 on November 18, 2002 at 18:33:50:

In Reply to: UNUM- EXAMPLE OF BROKERED INSURANCE posted by Howard on November 18, 2002 at 17:29:47:

This was virtually impossible to predict. Those of us that are independent are trying to figure this one out. I own a UNUM disability policy, have had it awhile, wondering if I should pay the current premium or go elsewhere. I think I am going elsewhere even though it will cost alot more. If a policyholder is healthy, I beleive I would bail out of UNUM.

: Who knows about the LTC claims problems with the company? After watching the 60 minutes special, I think this presents a strong case for knowing your agent, who he/she works for, how many companies they represent, and who has your best interests in mind. Who else could some of these disability holders turn to besides the claims department of the insurer? The independent agent who sold the policy? It's true, bigger is not better, and an independent agent cannot always provide a true objective value or accountability anymore than a captive agent could.

Follow Ups:

• Re: UNUM- EXAMPLE OF BROKERED INSURANCE Jim 12:46:50 11/19/02 (1)
  • Re: UNUM- EXAMPLE OF BROKERED INSURANCE Steve Eads, CLU 13:31:17 11/21/02 (0)

Re: UNUM- EXAMPLE OF BROKERED INSURANCE : This was virtually impossible to predict. Those of us that are independent are trying to figure this one out. I own a UNUM disability policy, have had it awhile, wondering if I should pay the current premium or go elsewhere. I think I am going elsewhere even though it will cost alot more. If a policyholder is healthy, I beleive I would bail out of UNUM. : : Who knows about the LTC claims problems with the company? After watching the 60 minutes special, I think this presents a strong case for knowing your agent, who he/she works for, how many companies they represent, and who has your best interests in mind. Who else could some of these disability holders turn to besides the claims department of the insurer? The independent agent who sold the policy? It's true, bigger is not better, and an independent agent cannot always provide a true objective value or accountability anymore than a captive agent could.

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