 How can I become a better salesmen? |
Im a Life and Health Insurance Agent and have been for about 5 months but I suck at it. How can I become a more effective salesmen?
I'm great with people and people trust me. Im ... |
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 How long until I can access my money from family death? |
| So I am making a long story short, my parents divorced when I was very young (5 years old) and my mother died, so then the money that she left behind did not go to my dad, since they divorced it went ... |
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| If i have one product insurance with two companies can i claim both? |
| I lost a mobile phone. I have insurance from my bank and network provider, so can i claim from both of them?... |
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 I'm in the Hospital H.R. Person forgot to send my application to the carrier!? |
| I applied for insurance, but the H.R. person of the company forgot to send the application to the carrier to be process now what should i do? I'm in the hospital with no insurance. Is there ... |
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 Is $67.00 too much for a term life insurance policy worrh $500k? |
| I finally got life insurance and it is pretty much the same price for the next 34 years. However, I have not searched around and compared prices. Is $67 per month too much for a $500,000.00 policy ... |
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| I want to start a new career, and insurance is a great field. I have no experience where should I start?... |
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 Do insurers come to your house for a small contents claim? |
hello. my brother just rang me to ask if i can ask this for him. he has agoraphobia and social phobia, meaning he doesnt go out, nor like to be around people he doesnt know.
Anyway he has broke ... |
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 Mother going to assited living that I will pay for. Can I write it off? |
It will be costing my wife and I around $20,000 a year. Is there any other options or ways to recoup some money from the government? The place she is in does not except medicaid.
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 What's the difference between HMO and PPO? |
I am planning to buy health insurance for myself. So can someone tell me the difference between HMO and PPO?
Also, which is better in terms of coverage, annual premium, annual deductable and ... |
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 How long can an insurance company wait to settle a case? |
Additional Details
This is a personal injury case. The accident took place last year in July. I was hit from the rear at a stop light. My care was consider to be totaled out. I suffer ... |
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 How do major life insurance policies work? I have only ever had the ones offered through jobs.? |
I am single, non-smoker, 25 year old female in reasonablly good health. Non-homeowner & no kids.
How do you invest through life insurance? Etc...... |
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 Water damage and homeowner's insurance questions? |
My upstairs toilet overflowed, running thru my ceiling and onto my kitchen, hardwoods, etc.
Servicemaster has been here and has cut holes everywhere and has fans, etc dryin things out. Adjuster ... |
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 What factors (i.e. speeding tickets, credit rating) will affect your ability to get car insurance? |
| Let's assume you already have car insurance and you are looking for a company with a lower insurance rate? Will a new car insurance company accept you if you have one prior speeding ticket? How ... |
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 I had a horrible experience with the moving company I signed up with should I file a claim with the BBB? |
| The moving men were rude,unprofessional and I feel like I was taken Advantage of because I am a woman.... |
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 Maternity Insurance. HELP!? |
| i'm currently under my parents plan until i get married (in march). we're trying right away to have a baby. however, every insurance company i've talked to won't offer me any ... |
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christorpat | Can GMAC be liable for letting someone commit fraud on a credit life insurance policy? |
Dad bought Tahoe at GMAC, they (dealer, who he's known for 30 years) knowingly new he had all the conditions listed on application, but still let him apply anyway. Dad passed 8/09/06, so now credit life sends forms wanting to know all health problems. If had none of the problems, then car would be paid off, otherwise my mother will get back the $2,220 the price of policy. Somehow shouldn't GMAC have fraud charges on them or some kind of consequence. Besides the dealer, the financial person also knew that he had all the illnesses. How can they let someone apply, knowing if they have any of the illnesses they will be denied and if they answer no to illnesses and credit life wants a medical history on applicant, which then applicant can get charged with fraud. |
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mbrcatz
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Honey, the guy who committed the fraud seems to have been your father. I'm sure they have his signature on the paper explaining the conditions of the policy.
The problem is, they can't NOT let someone apply, that's unfair discrimination. The sales guy at the dealer is NOT a doctor, is NOT allowed to diagnose conditions, is NOT allowed to make health judgements on your dad.
Sorry. |
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juicyfruit
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The dealer will probably get his hand slapped, but that won't help your situation at all. Your dad would have needed to sign the paperwork, verifying the truthfulness of the application. If he didn't sign it, then it's not a valid contract anyway.
I'm sorry to hear of your situation. Did you dad have any other life insurance your family can use? (Insurance company, work, bank, etc.?) |
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efrankdeniro
 |
wow, not sure |
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fr_chuck
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Ok GMAC dod not do fraud, the person at the dealer ship did the fruad and your dad ( sorry) signed the application, saying he did not have these things. So the dealership along with your dad did the fraud. GMAC does not underwrite these policies. Now that they have a claim, they got some of the medical info showing he had things, he said he did not have on the application.
So if he lied ( dealer ship lied) on the application you merley get the money you paid in ( and honestly not sure they would have to do that since the application for insurance was a fraud.
The dealership was trying to help you dad I assume not thinking he would die of course and they would get thier commission for selling the policey.
but in the end it is the person who is signing the applicatin to be sure he is always telling the truth. |
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spot
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I see what you are saying, kind of. But, applying for credit life is an individual decision. Your dad had to fill the form and sign it, not the dealer or the financial manager. Are you saying the dealer filled the application for your dad and not disclosing he had conditions? Were you there to see what happened? You should talk to the dealer first and see what happened. Maybe he can buy the truck back at a good deal (for your mom). |
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deep5223
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Might be a good question for an attorney. Were there witnesses that saw how the application was completed and how the questions were asked. Insurance agents can be held liable if they submit an application knowingly with false answers to health questions. Legal issues should only be answered by lawyers and a good one might can get your mother the Tahoe by threating a lawsuit. Just for thought. |
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