Yet another reason to hate the Insurance industry......

[marmar]

:argh:


from the LA Times:




American General Life Insurance Co. markets its policies as protection for "the hopes and dreams of American families" — a promise Ian Weissberger took to heart during his losing battle with Lou Gehrig's disease.

But after the Cathedral City mortgage broker died in 2005, American General cancelled his life insurance policy and refused to pay his widow the $250,000 benefit.

The Weissbergers' premiums were paid up. There was no foul play suspected. There was no question Sheila Weissberger was the widow and sole beneficiary. And Ian's illness was diagnosed months after he took out the policy.

The problem, the insurer told Sheila Weissberger, was that Ian's application for coverage was incomplete.

American General concluded that he had failed to disclose conditions, including bipolar disorder and pulmonary disease, that, according to his doctors, he did not have. .............(more)

The complete piece is at: http://www.latimes.com/news/local/la-me-life-insure-20101121,0,4197678.story

[Rabrrrrrr]

1. The insurance industry's only concern is providing the best care no matter the cost to shareholders

which shareholders should be called "patriotic altruists".

Therefore, I think your post is a lie.

:silly: