Wednesday, September 9, 2009

Lies, lies and more lies

I was listening to Charlie Rose and heard again the standard lie that the insurance companies can "drop whoever they want" . I have heard this numerous times a day. I have seen insurance companies pay claims that they were not in the contract liable to pay. I have seen an insurance policy I sold save a life and save a business. It is a lie to say that a policy will not pay when it is in the contact to do so. It is not true. They are contracts and the contracts cannot arbitrarily be broken even by the insurance companies. Two things will end coverage, non-payment and exhausting of limits. Most policies have limits of 2, 3 & 5 Million now. When I first got in the industry in 1988 the usual limits were 1 million. The Prez and his cronies can arbitrarily lie and not be contested. He also made a promise to never increase the deficit. He cannot keep that promise. It is impossible. It is pointless to say it or believe it.

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