Liberty Mutual Insurance Liberty Life Assurance Company of Boston TIME FOR WELLS FARGO TO DUMP LIBERTY MUTUAL FOR LONG TERM DISABILITY FOR EMPLOYEES!! Nationwide

It's time for Wells Fargo Bank to dump Liberty Mutual (Liberty Life Assurance) as their Long Term Disability carrier for employees. Wells Fargo can do better and should.

As an employee of WF, you are told how great your benefits are and how much WF offers. What you don't know is that WF uses an insurer that denies the most claims and litigates more than any other insurer. Why would WF put their employees in such a terrible situation?? 

Most employees do not realize that a Short term Disability claim is paid by WF but if/when you transition to a Long Term Disability that's when Liberty Mutual starts to pay out of pocket and you have a 99% chance of being denied your benefits. Again, why would Wells Fargo use a company known to rip off disabled people?  

On top of that, the Liberty Mutual policy Wells Fargo offers to employees only pays 50% of a monthly salary. Other insurers and policies generally pay at least 60-66% for a Long Term Disability Claim. Another rip-off for Wells Fargo employees. 

After Liberty Mutual denies your LTD, you will have to hire a lawyer to fight them even though you are entitlled to and deserve your benefits. Then Liberty Mutual will low ball you and offer to settle your claim for less than 10% of the claim value if that. 

If you want a quick calculation for your claim value, take your monthly salary divided by two then reduce that by your Social Security disability benefit. (SSA.gov can provide this ). Now multiply that number by the number of months left to work until you reach age 67. Then adjust for inflation. That is you claim amount.

Example: A person at the age of 50 making $6000 month / 2 = $3000 month - $1000 month for SS = $2000 mo.  

Age 50 to 67 (age of retirement) = 17 years x 12 months in a year = 204 months x $2000 = $408,000 - TOTAL CLAIM

Now, Liberty Mutual reduce this amount for inflation and then may offer 10% of that amount. Unfortunately, with Liberty Mutual, your so-called Long Term Disability policy doesn't even pay you for a year's salary! And they expect you to live on that for the next 17 years! Unbelievable.

Huh? You ask? Yes, this is the dirty little secret that Liberty Life Assurance AKA, Liberty Mutual doesn't want you to know. The best part is that since you had to hire a lawyer you will only see about half of this 10%, so really you get about 5% of your real claim value if you have a legitimate claim.

Liberty Mutual has pulled the wool over Wells Fargo Bank Executives and ALL employees by stirring up fear of becoming disabled and getting companies to buy in to their insurance products knowing they will NEVER pay the benefit that people deserve. 

My advice is to DUMP Liberty Mutual Insurance! Do not do business with known crooks & thieves. 

If you currently work for Wells Fargo demand better LTD coverage. Only do business with companies with a better track record of paying claims and that pay no less than 60% of your salary in case you become disabled.

I URGE Wells Fargo to do better for their employees. Chances are they do not know how crooked Liberty Mutual is but after reading this they can confirm by searching all the ERISA cases that are currently being reviewed in Federal Court in this country against Liberty Life Assurance Company of Boston.

BUYER BEWARE.... Do NOT buy Liberty Mutual Insurance products if you are an individual consumer or business!