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Re: UNUM's response

Posted by Steve Eads, CLU on November 21, 2002 at 12:49:32:

In Reply to: Re: UNUM's response posted by Scott A. Olson, CLTC on November 20, 2002 at 01:52:24:

: Gary, you ask, 'if the charges are so unfounded, why then wouldn't a representative of UNUM be interviewed on 60 minutes to counteract the allegations'? UNUM executives met with the 60 minutes producers SEVERAL times.

: Is the media more concerned about 'truth in reporting' or ratings? 25 years ago, the big 3 networks had a near monopoly. Now, ABC, CBS, and NBC have to compete against scores of cable stations.

: What do you think draws more viewers: a story about the 2% of claims that are denied or the 98% of claims that UNUM pays every year? To put the story in proper perspective, since only 1 claim out of 50 is denied, I think that for every person they interviewed who had a claim denied, they should interview the 49 people whose claims were paid.

: The double-standard is amazing. As an insurance agent, it is against the law for me to 'misrepresent' a policies features and benefits. Yet an 'investigative reporter' can aggrandize and be rewarded with higher ratings. Whatever happened to the responsibility that goes along with the freedom of the press?

: If he was alive today, I'm sure that William Hearst would have been very proud!

: Scott A. Olson, CLTC

: P.S. FYI, I am an independent agent. I am licensed with UNUM. Yet I have recommended UNUM to less than 3% of my clients. I have not recommended UNUM very often, simply because I have found other policies to be a much better value for most of my clients. I am defending UNUM in this post because I believe the charges brought by 60 minutes to be unfounded, baseless, and self-serving. If UNUM is a 'bad insurer' becase they pay 98% of their claims, then EVERY INSURER is a bad insurer.

Scotty...weren't you an employee of UNUM/Prov just a few years back???

Steve Eads, CLU
www.LTCiPro.com

Follow Ups:

Re: UNUM's response Scott A. Olson 13:26:00 11/21/02 (3)
- Re: UNUM's response Steve Eads, CLU 13:37:29 11/21/02 (2)
  - Re: UNUM's response Scott A. Olson 18:29:23 11/21/02 (1)
    - Re: UNUM's response Steve Eads, CLU 08:58:03 11/22/02 (0)

Re: UNUM's response : : Gary, you ask, 'if the charges are so unfounded, why then wouldn't a representative of UNUM be interviewed on 60 minutes to counteract the allegations'? UNUM executives met with the 60 minutes producers SEVERAL times. : : Is the media more concerned about 'truth in reporting' or ratings? 25 years ago, the big 3 networks had a near monopoly. Now, ABC, CBS, and NBC have to compete against scores of cable stations. : : What do you think draws more viewers: a story about the 2% of claims that are denied or the 98% of claims that UNUM pays every year? To put the story in proper perspective, since only 1 claim out of 50 is denied, I think that for every person they interviewed who had a claim denied, they should interview the 49 people whose claims were paid. : : The double-standard is amazing. As an insurance agent, it is against the law for me to 'misrepresent' a policies features and benefits. Yet an 'investigative reporter' can aggrandize and be rewarded with higher ratings. Whatever happened to the responsibility that goes along with the freedom of the press? : : If he was alive today, I'm sure that William Hearst would have been very proud! : : Scott A. Olson, CLTC : : P.S. FYI, I am an independent agent. I am licensed with UNUM. Yet I have recommended UNUM to less than 3% of my clients. I have not recommended UNUM very often, simply because I have found other policies to be a much better value for most of my clients. I am defending UNUM in this post because I believe the charges brought by 60 minutes to be unfounded, baseless, and self-serving. If UNUM is a 'bad insurer' becase they pay 98% of their claims, then EVERY INSURER is a bad insurer. : Scotty...weren't you an employee of UNUM/Prov just a few years back??? : Steve Eads, CLU : www.LTCiPro.com

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