I have just had an insurance company (franchise owned) cancel my wifes life insurance pollicy. I had 9 pollicies with The Co-Operators insurance company in Sarnia Ontario owned by this duchebag Franco Fillia. After 12 yrs we where up for renual. We where honest and told him about her desease(disclosure) he raised her policy payment (no problem). Six months later I was notified that her policy was terminated due to lack of funds in the bank when payment was due. All of the other policies, 8, where good an paid for the ony one was my wifes(go figure). This guy for the last 12 yrs played my frend, not close but would always play the roll, big phony smile and small talk. My fault for not having all the $$$ in the acount, was $4 shy for one month. Why didn't he phone me or make sure it was one of the other policies that didn't go through? Oh yeah, cause he's a douchbag insurance skum sucking a$$wipe of who I will see soon! But for now where is or what is the best internet site to get started?

If he raised the premium on your wife's policy and you accepted and paid it, what advantage would he gain by cancelling it? I would think he's making money off of it or they wouldn't have wrote the business. Did you call him and talk to him about it? It's awful harsh of you to blast the guy when at the end of the day your just as responsible for the dropping of the policy. Are you a scumbag for having insufficient funds in an account where you know an important insurance policy is drawn out of?

His gain, if she dies in a few more years he/his company pays $400,000. Yes I called him and asked why he didn't notify me or make sure her policy was paid for and miss a payment on a car or house payment, he just said that wasn't his responsibility. You figure after 12-13yrs of not ever missing a premium payment he would have the decency to drop me a line. By the way, I bet by your line of questions you too are also in insurance and therfore my description of him also applies to you

In the Michigan you can have it reinststed if your under 30 days past due. maybe it is the same for you? Worth a shot anyways.

Thanx Garry, he didn't notify me for 35 days. Since its an automatic bank withdrawl and I topped up the acount a few days later I didn't know there was an overdraw.

I dont think a franchise gains anything but a commission on a new policy or smaller comission on a renewal - This franchise doesn't get 400 or save 400K if your wife dies.

If you disclose what will be an ongoing problem requiring treatment or continuous medicine you bet you'll see a raise in premiums. No insurance company wants an pre existing condition and they dont want ANY conditions - all they want are healthy people period and will look for any way you can imagine to drop you once you disclose.

You created an opening for them to dump you 2 ways.
1. by not funding the account with enough money
2. and not checking it for over a month.

Its true your insurance agent may be a douchebag for not pro-actively calling you- but you F-ed up on a critically important responsibility.

All you can do is pull all your remaining policies from this guy and give them to someone new

Bummer....

Uncle Dave

Not in the insurance business Andy, and I hope things work out for you and your wife. I just thought your call out on this agent (who may have no control over the cancellation and you played a direct roll in) was a bit harsh.

[QUOTE=Uncle Dave;3518695]I dont think a franchise gains anything but a commission on a new policy or smaller comission on a renewal - This franchise doesn't get 400 or save 400K if your wife dies.

If you disclose what will be an ongoing problem requiring treatment or continuous medicine you bet you'll see a raise in premiums. No insurance company wants an pre existing condition and they dont want ANY conditions - all they want are healthy people period and will look for any way you can imagine to drop you once you disclose.

You created an opening for them to dump you 2 ways.
1. by not funding the account with enough money
2. and not checking it for over a month.
I
Its true your insurance agent may be a douchebag for not pro-actively calling you- but you F-ed up on a critically important responsibility.

All you can do is pull all your remaining policies from this guy and give them to someone new

Bummer....

I realize it was and is my fault for not checking the acount, that is not my beef. Why I'm pissed is because I have had beers with him and sent him at liest 40 to 50 private and business acounts over the years. He knows my wife and has used her photograph studio for pictures in the past. Not one call? Myself and nine of my buds have switched over to another insurance company. Douchebag through and through! I need to tell others and figured the net is where to start.

What kind of crappy banl acct doesn't have overdraft protection for a $4. overdrawl? How come your bank didn't notify you that there was a bounced check basically. Maybe a call directly to the carrier and cut out the middle man, try to deal with their PR department. Good luck, hope and prayers are with your wife and you.

like they say what comes around goes around. stay positive and cancell all your accounts,put a write up in the local paper as to what happend,good luck hope your wife is doing okay.