Lapsed Life Insurance is No Life Insurance

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Old 07-30-2013, 05:45 AM   #1
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xrac on Lapsed Life Insurance is No Life Insurance - Insurance Forum
 
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Lapsed Life Insurance is No Life Insurance Lapsed Life Insurance is No Life Insurance
http://www.sheryljmoore.com/2013/07/...e553-416910029

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Old 07-30-2013, 06:09 AM   #2
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Larry Tew on Lapsed Life Insurance is No Life Insurance - Insurance Forum
 
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Lapsed Life Insurance is No Life Insurance Re: Lapsed Life Insurance is No Life Insurance
I don't understand why this is even newsworthy. I sympathize with the beneficiary, but she has a helluva lot of nerve suing Jackson.

When mandatory premiums stop, policies lapse. Film at eleven.

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Old 07-30-2013, 07:15 AM   #3
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SportsNut on Lapsed Life Insurance is No Life Insurance - Insurance Forum
 
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Lapsed Life Insurance is No Life Insurance Re: Lapsed Life Insurance is No Life Insurance
Yet another example of our litigous [entitled] society. When you don't like the outcome, even when you yourself are negligent, then sue the b@stards! Thank goodness the court made the correct ruling here which at least helps protect the integrity of those that are responsible in meeting their obligation.

Additionally, this situation dovetails into a post a few days ago on the FE forum where a client didn't like bank drafts. Had the subject insured here used a bank draft the death benefit would likely been paid to the Beneficiary and she could have foregone this frivilous lawsuit.

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Old 08-05-2013, 09:01 AM   #4
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xrac on Lapsed Life Insurance is No Life Insurance - Insurance Forum
 
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Lapsed Life Insurance is No Life Insurance Re: Lapsed Life Insurance is No Life Insurance xrac is the thread starter for: Lapsed Life Insurance is No Life Insurance

Originally Posted by danielmorris View Post
On reading that link I understood this insurance is a failed one right?
What does this mean?

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Old 08-15-2013, 06:08 PM   #5
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Daytona_Guy on Lapsed Life Insurance is No Life Insurance - Insurance Forum
 
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Lapsed Life Insurance is No Life Insurance Re: Lapsed Life Insurance is No Life Insurance
Speaking of lapsed policies.. I was contacted by this client, via the company, and asked to drive two hours out there to rewrite her case that one of my former agents had written last year, after she'd made three payments and then let it lapse.



Would you drive two hours to put this back on the books?

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Old 08-15-2013, 07:41 PM   #6
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VolAgent on Lapsed Life Insurance is No Life Insurance - Insurance Forum
 
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Lapsed Life Insurance is No Life Insurance Re: Lapsed Life Insurance is No Life Insurance
Originally Posted by Daytona_Guy View Post
Speaking of lapsed policies.. I was contacted by this client, via the company, and asked to drive two hours out there to rewrite her case that one of my former agents had written last year, after she'd made three payments and then let it lapse.

TurnedAllMyBillsOvertoChrisJesus - YouTube


Would you drive two hours to put this back on the books?
I hope you left skidmarks you were in such a hurry to get there. That is quality business.

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You can pay the premium or you can own the loss.
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Old 08-15-2013, 10:13 PM   #7
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Newby on Lapsed Life Insurance is No Life Insurance - Insurance Forum
 
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Lapsed Life Insurance is No Life Insurance
Originally Posted by Daytona_Guy View Post
Speaking of lapsed policies.. I was contacted by this client, via the company, and asked to drive two hours out there to rewrite her case that one of my former agents had written last year, after she'd made three payments and then let it lapse.

Video Link: http://www.youtube.com/watch?v=QguoqRK-ScQ

Would you drive two hours to put this back on the books?
That's a good one right there.
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Old 08-15-2013, 10:24 PM   #8
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Norwayguy on Lapsed Life Insurance is No Life Insurance - Insurance Forum
 
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Lapsed Life Insurance is No Life Insurance Re: Lapsed Life Insurance is No Life Insurance
Originally Posted by Daytona_Guy View Post
Speaking of lapsed policies.. I was contacted by this client, via the company, and asked to drive two hours out there to rewrite her case that one of my former agents had written last year, after she'd made three payments and then let it lapse.

TurnedAllMyBillsOvertoChrisJesus - YouTube


Would you drive two hours to put this back on the books?
Good example of a wise use of your time....Now is there a reason the policy could not be rewritten over the phone or via mail? Even at that I might call only once or twice as the message screams lapse.

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