UnumProvident is currently the largest provider of Long Term Disability Insurance in the United States and the United Kingdom. It sells insurance policies which promise "Financial Security" in the event of serious illness, accidental injury or disability but God help you if you ever need to make a claim as it would certainly appear UnumProvident has NO INTENTION of honoring the insurance promises they sell!
YOU or YOUR BUSINESS CANNOT TRUST UnumProvident with this very important insurance coverage it sells to individuals and companies [Group Schemes].
As a business, its TRACK RECORD is TOTALLY APPALLING and despite millions of dollars in fines imposed for cheating its customers and also, just last week, for deceptive business practices; it continues to let genuine "Customers" down by unfairly terminating their long term disability benefits; saving itself millions of dollars in the process.
In the US 300,000 known unfair denied claims were court ordered to be re-assessed, as a result of a multi state Government Investigation. UnumProvident was referred to as an "outlawed Company" by Insurance Commissioner John Garamendi in the State of California.
http://biz.yahoo.com/prnews/060905/sftu091.html?.v=73 and warned UnumProvident to stop this deceitful practice or Garamendi would bar UnumProvident from doing any further business here. This will now be a very serious issue for Steve Poizner to make a call on. Let's hope Steve adopts a zero tolerance approach to UnumProvident and VERY SOON. http://www.joinsteve.com/news/Read.aspx?ID=100
This frightening number of people does not include thousands of other people awaiting court dates for 5, 6, 7+ years ? long, very hard years with no income!
Imagine that for just a few seconds ? How would you and your family cope?
Or indeed the thousands of unknowns who have been deceived by Genex Services [a wholly owned subsidiary of UnumProvident] a firm of lawyers who will negotiate ?a fair settlement? on behalf of the unfairly terminated "Customer" paying only a fraction [in some cases just 5%] of what was actually due to them. How low can you go in the name of making money?
It would appear the multi million dollar fines have achieved absolutely nothing to deter UnumProvident from continuing to unfairly drop "customers" forcing them to lose everything they had worked very hard for and by doing so UnumProvident is still successfully managing to shift its own financial responsibility to its ?Customers? on to the state/taxpayer.
I really hope you agree this continued criminal behavior is despicable.
Evidence of UnumProvident doing exactly the same thing to Customers in the United Kingdom goes back as far as December 1999! Please refer to Parliament Inquiry London
For additional VERY DISTURBING FACTS on this despicable organization please visit www.stopunum.com
Pick your occupation, your County, State or indeed Country. Hundreds of thousands of people from all walks of life ? unfortunately absolutely no one is safe from this form of deceit.
PLEASE WARN ABSOLUTELY EVERYONE YOU KNOW, as I'm very sure NO ONE wants to be let down like this, especially when you genuinely need the ?financial security? you truly believed you had purchased!
As you may have guessed by now, I've also been unfairly dumped by UnumProvident. DON'T LET THIS HAPPEN TO YOU OR SOMEONE YOU CARE ABOUT! And believe me, it really could if you still have your insurance coverage with UnumProvident.
Using UnumProvident's most recent data please have a serious look at this. Misfortune does actually happen?don't be caught short holding the wrong policy.
I only wish someone had warned me before it was too late.
Los Angeles, California