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Widower, Industry Seek Change in Mass. Life Insurance Claims Law

East News • May 13, 2008
When Jenny and John Crowley learned they were having a baby, they did the responsible thing: they bought life insurance. Barely in their 30s, they passed the insurance company's physicals, applied ...

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Subject: RE: Makes sense

Posted On: May 13, 2008, 2:00 pm CDT
Posted By: tom
Comment:
Actually, this entire story sounds bizarre. She passed the company physical, had no actual knowledge or diagnosis at the time of the application, and let's assume for the sake of argument that the "known or should have known" phrase doesn't apply here. So, does that mean a life insurer gets two bites at the apple when it comes to underwriting? Make you fill out an app and take their stupid medical tests, and even if cleared and the company takes your money, they still have a chance to reject the claim? And, it takes LEGISLATION for everyone to understand that this is wrong and unethical?

I've made my living in the insurance industry for 34 years, but sometimes I think this business is the most idiotic venture I've ever heard of.
Subject Posted By Posted On
RE: RE: Makes sense I give them some credit
May 13, 2008, 5:03 pm
RE: Makes sense June
May 13, 2008, 2:13 pm
RE: RE: Makes sense Bill
May 13, 2008, 2:11 pm
RE: Makes sense tom
May 13, 2008, 2:00 pm
Makes sense lastbat
May 13, 2008, 11:28 am
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