When you take out an insurance
policy you sign up and give them money on a regular basis with the expectation
that your spouse or children or you from Uncle Harry or whomever will receive
the benefit. Well through audits of the nation’s leading insurance companies,
they are getting richer and richer and simply not paying out the $10,000 to
Million dollar insurance money to the people that have been feeding the company
for years till they drop dead! It is a systematic industry practice to just not
tell your people that they have money coming to them. Why? Because they simply
are not required by law to inform you.
Well then somebody make a damn
law! Our family and friends deserve this money! 25 of the nation’s largest
life insurance companies are sitting on $7 Billion Dollars
in back death benefits un paid to your friends and relatives you wanted the
benefit to go to. Many times the beneficiary is unaware they
are even entitled to this money. The
companies don’t pay unless the specific person named in the policy makes a
claim. There are millions of policies un- paid out just in Florida. There are
policies that should have been paid out and have never been distributed since
1960. The billions of dollars are
sitting in the investment part of the insurance companies bank accounts.
John Hancock, Met Life,
Prudential to name a few of the largest companies having this unfair policy to
their customers. They do pay out when a beneficiary files a proper claim. If no one comes forward to file a claim, they
reinvest the money. There is a death master file that insurance companies have
access to so there is no reason for them to not even know when someone has been
declared dead. Often the insurance siphon fees off the top of the policy till
there is no money left to the policy even if you claim it. Remember that those
of you who have paid in full a say 20 payment policy years ago.
Under the law they are allowed to
pay themselves premiums using their customers accumulated cash while they are
alive. This law was designed to protect the policy say if you lost your job and
can’t make the recent payment. They will use built up cash to pay the payment.
The abuse here is that now you are dead they didn’t pay anyone because no one
asked for the money so they continue to pay themselves till there is no money
left. Congress we need a new law!
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