General story, that I'm 99% sure I haven't told yet. The review class teacher, Ed, tells this one at every class, and it still leaves me speechless.
Ed is a lawyer as well as an insurance agent.
One of his law clients came to see him.. Her ex husband had died, and left a massive multimillion dollar insurance policy. The guy had forgotten to change the beneficiary, or cancel the policy, and the woman received a claim form, which asked for "Relationship to Deceased". The woman was the beneficiary of the policy, and had a problem. If she wrote "Ex wife", the policy would not be paid. If she wrote "Wife", it would be a lie, and the company would then not pay for fraudulent statement on a claim form.
Ed, took the claim form, wrote "None of your business", and Fedexed it to the guy';s insurance company.
He then gets a phone call from the lawyer for the insurance company, who told Ed, "You have to state what the relationship was".
Ed declined, saying the policy stated the woman was the beneficiary, and if the lawyer for the insurance company didn't pay, Ed was going to sue.
Next morning, 10am,, FedEx walks into Ed's office, with a check for the woman's claim!
Ed's feeling: The other lawyer knew he had to approve to pay the claim anyway, and was just stonewalling Ed's client, because, there was no way the other lawyer would have been able to get underwriting of his insurance company, to approve such a large settlement check, in such a short period of time, less than 24 hours.
I'm still bowled over when I hear that story, and so are his other class members.
Ed is a lawyer as well as an insurance agent.
One of his law clients came to see him.. Her ex husband had died, and left a massive multimillion dollar insurance policy. The guy had forgotten to change the beneficiary, or cancel the policy, and the woman received a claim form, which asked for "Relationship to Deceased". The woman was the beneficiary of the policy, and had a problem. If she wrote "Ex wife", the policy would not be paid. If she wrote "Wife", it would be a lie, and the company would then not pay for fraudulent statement on a claim form.
Ed, took the claim form, wrote "None of your business", and Fedexed it to the guy';s insurance company.
He then gets a phone call from the lawyer for the insurance company, who told Ed, "You have to state what the relationship was".
Ed declined, saying the policy stated the woman was the beneficiary, and if the lawyer for the insurance company didn't pay, Ed was going to sue.
Next morning, 10am,, FedEx walks into Ed's office, with a check for the woman's claim!
Ed's feeling: The other lawyer knew he had to approve to pay the claim anyway, and was just stonewalling Ed's client, because, there was no way the other lawyer would have been able to get underwriting of his insurance company, to approve such a large settlement check, in such a short period of time, less than 24 hours.
I'm still bowled over when I hear that story, and so are his other class members.
