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UnitedHealthcare CEO shot and killed in NYC

He went in for a colonoscopy. The bill was $19,000.

"I told Northwestern, 'I'm not paying that, and I don't care if you send me to collections,'" Tom Contos said of his share.


WaPo free link.

https://wapo.st/4gpaEey
 
Annnnnd here's why any insurance CEO who takes a slug gets what they deserve:

My mother has had a $50K life insurance policy for decades. She's paid quarterly premiums a true as the tides. Her most recent payment was made in Oct., and her confirmation said she was good until Jan.
We got a letter dated Dec. 22 that said her policy had been terminated and has no value. I spent more than an hour and 20 minutes on the phone with them today to sort out what the confusion was, complete with the confirmation of her most recent payment. I guess it was a term policy. They gambled that she'd outlive the policy. I get that. I understand.
I asked if there was any value on what she'd paid in and why they accepted a quarterly payment if they were going to end it. The abridged version is "No. There's no value. There was value, but we've been drawing it down over the years to cover the increased premium." "Did you even send anything requesting additional quarterly premiums?" "No. We don't do that. We just siphon it from what you've paid." "Then why did you accept a payment in October if you were going to cancel it in December?" Crickets.

fork 'em. Kill them all.
 
Annnnnd here's why any insurance CEO who takes a slug gets what they deserve:

My mother has had a $50K life insurance policy for decades. She's paid quarterly premiums a true as the tides. Her most recent payment was made in Oct., and her confirmation said she was good until Jan.
We got a letter dated Dec. 22 that said her policy had been terminated and has no value. I spent more than an hour and 20 minutes on the phone with them today to sort out what the confusion was, complete with the confirmation of her most recent payment. I guess it was a term policy. They gambled that she'd outlive the policy. I get that. I understand.
I asked if there was any value on what she'd paid in and why they accepted a quarterly payment if they were going to end it. The abridged version is "No. There's no value. There was value, but we've been drawing it down over the years to cover the increased premium." "Did you even send anything requesting additional quarterly premiums?" "No. We don't do that. We just siphon it from what you've paid." "Then why did you accept a payment in October if you were going to cancel it in December?" Crickets.

fork 'em. Kill them all.

Did you know if it was a term policy or whole life? I have a 20-year 250k term through State Farm, I pay monthly and know exactly when it ends. If I make it to the end, I know all I'll get is a handshake from my agent and an offer to take out another one at a much higher rate.
 
Did you know if it was a term policy or whole life? I have a 20-year 250k term through State Farm, I pay monthly and know exactly when it ends. If I make it to the end, I know all I'll get is a handshake from my agent and an offer to take out another one at a much higher rate.

You can convert all or a portion of that policy to a whole or universal life policy before the term ends. So, if you want to break off $25,000 of it and turn it into a whole life policy to be eventually used for final expenses that's available to you.
 

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