> I was a Insurance agent in the mid eighties.As an agent I would analyze policies
> policies before i sold them.This was the height of A.L.Williams.In 89 I believe
> they merged or bought Prudential.Remember those ads about get a piece of the
> rock.Well it seems they were and probably still are selling bad inurance
> policies.The merger was thought to be a first step in reforming insurance.The
> problem was the merger kept those same peolple who are largely responsible for
> the crash of of Citi-Bank.As an agent before the merger I would carry a tape
> recorder so when they lied I would have it on tape.Like ARMS they sold them as
> an investment. You know about those Universal Life policies.They said you would
> get 12% a year on your policy.It says nothing like that in the policy itself.A
> cover sheet doesnt mean squat.In your policy whether its Life Accident or Health
> they are only required to pay 2-3 percent.That is a minus 9% in my book. So I
> know they are
> cheating.I was a reformer until the merger.See they merged again under the name
> of Priamerica wtth City Bank.The same people who brought us Credit Default
> Swaps.It was a good deal for those excutives.I got out before it went to hell.In
> fact after the installation of Sandy Weil I sought other work.See a lady wanted
> me to analyze her mothers policy.I did and found out that it had expired two
> years prior.I asked what should I do regarding the company that sold it.I was
> told and I "If they dont know dont tell them"Meaning the the state board of
> insurance.So imagine what they are doing with your healhcare.
>
> Shawbear
>
> PS-This is all true
> policies before i sold them.This was the height of A.L.Williams.In 89 I believe
> they merged or bought Prudential.Remember those ads about get a piece of the
> rock.Well it seems they were and probably still are selling bad inurance
> policies.The merger was thought to be a first step in reforming insurance.The
> problem was the merger kept those same peolple who are largely responsible for
> the crash of of Citi-Bank.As an agent before the merger I would carry a tape
> recorder so when they lied I would have it on tape.Like ARMS they sold them as
> an investment. You know about those Universal Life policies.They said you would
> get 12% a year on your policy.It says nothing like that in the policy itself.A
> cover sheet doesnt mean squat.In your policy whether its Life Accident or Health
> they are only required to pay 2-3 percent.That is a minus 9% in my book. So I
> know they are
> cheating.I was a reformer until the merger.See they merged again under the name
> of Priamerica wtth City Bank.The same people who brought us Credit Default
> Swaps.It was a good deal for those excutives.I got out before it went to hell.In
> fact after the installation of Sandy Weil I sought other work.See a lady wanted
> me to analyze her mothers policy.I did and found out that it had expired two
> years prior.I asked what should I do regarding the company that sold it.I was
> told and I "If they dont know dont tell them"Meaning the the state board of
> insurance.So imagine what they are doing with your healhcare.
>
> Shawbear
>
> PS-This is all true
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