Global One Financial, Global One Entaire James McBrayer, David Metzger Global One Financial paid the premium due to AIG late and causing us to lose positive gains in the annuity insurance policy Atlanta Georgia

I wish to recant my posting regarding Global Financial and McBrayer and Metzger.  At this time, we will resolve our differences through negotiations. 

Global One Financial, Inc. is a commercial lender that specializes in financing annuity and insurance contracts for business owners.  In 2007, Milne Medical Center, the company owned by this poster's husband, applied for an interest only loan from Global One to facilitate his acquisition of a life insurance policy from American General Life Insurance Company ("AG") - not AIG as indicated in Ms. Milne's post - on his life for the benefit of his wife, Julie Milne.

Pursuant to a Promissory Note executed by Dr. Robert Milne on behalf of Milne Medical Center in favor of Global One, Global One agreed to advance certain amounts to fund premiums on Dr. Milne's AG life insurance policy over a 5-year period.  These advances were to be made annually on or before the first business after the anniversary date of the insurance policy, which was February 28th.  In 2009, February 28th fell on a Saturday, a day on which both Global One's and AG's offices were closed.  As such, Global One advanced the funds to AG on the first business day thereafter, namely Monday, March 2, 2009.  The advance was not "5 days late" as stated by Ms. Milne in her post, and in fact, was not late at all.

Milne Medical Center paid interest on the loan from Global One for eight (8) years, electing only within the last week (March 22, 2016) to terminate the loan.  During these past 8 years, Dr. Milne received annual statements from AG for his life insurance policy, showing AG's allocation of the premium amounts advanced by Global One.  Global One was not made aware of any issues concerning the policy until June 2014, when Dr. Milne's attorney reached out regarding the allocation of the 2009 premium by AG.  Specifically, Dr. Milne's attorney advised that Dr. Milne disagreed with AG's allocation of the 2009 premium to a fixed interest account, as opposed to an indexed interest account.  According to Dr. Milne, this was an error and resulted in a lesser crediting of interest to his policy.

Global One's representatives (including its COO, James McBrayer, its Managing Director, David Metzger, and its Associate General Counsel) actively communicated with Dr. Milne and/or his attorney for over a year and a half, which communications ended at the end of 2015 when his attorney did not dispute that the statements provided by AG demonstrated that Dr. Milne's policy earned more money as a result of AG's allocation of the 2009 premiums to the fixed account than he would have had they been allocated to the indexed interest account for that year.

Contrary to Ms. Milne's claims in her post, Dr. Milne did not suffer any losses, and in fact, will be receiving a check for approximately $13,000 representing the interest growth in the policy.  Also contrary to Ms. Milne's claim, Milne Medical Center was not charged nor did it pay an $88,000 fee to Global One for terminating the loan.  Furthermore, the additional collateral Ms. Milne references as paid to Global One was held in escrow for the benefit of Milne Medical Center to cover any collateral shortfalls, and was promptly returned to Milne Medical Center as soon as collateral values became sufficient to secure Milne Medical Center's loan (which returns occurred on more than one occassion).

In short, the allegations in Ms. Milne's report are blatantly false and are completely contradicted by the loan documents executed by her husband, as well as the interest credited to his policy.  Milne Medical Center's own attorney did not dispute that Dr. Milne earned more money than originally projected as a result of AG's allocation of the premiums, and that he has not suffered any losses.

Global One values its business relationships and prides itself on going above and beyond for its clients, including Milne Medical Center.  Given the indisputable fact that Dr. Milne suffered no losses, Global One is uncertain what Ms. Milne's motivation is in posting this false report.  Global One is preparing to address this matter in a more appropriate forum.