UNUM’s 2008 Third Quarter Profits Come at UNUM LTD Policy Holder’s Expense | Spring Hill Long term Disability ERISA Lawyer

UNUM’s 2008 Third Quarter Profits are in! UNUM reported a “net income of $108.00 million in the third quarter of 2008 compared to a net income of $187.00  million in the third quarter of 2007”. Mr. Thomas R. Watjen, president and CEO, commented in an article that he was “pleased with our operating results and the quality of our balance sheet . . .”

Well, his pleasure at UNUM’s profits is coming at the expense of UNUM LTD Policy Holder’s peace of mind.    UNUM is robbing their long term disability policy holders by denying  valid long term disability claims and offering buyouts of 15% – 35%. UNUM’s profits are, in part, generated out of their long term disability claims handling process.

To learn more about how long term disability insurance companies write policies that rob long-term disability applicants of their peace of mind go to Cavey law.com where you can order Nancy Cavey’s book “Robbed of Your Peace of  Mind”.

In my next blog post, I’ll report on the verdict recently entered by a federal jury in Boston finding that UNUM committed fraud in some long term disability cases by requiring long-term disability applicants to apply for Social Security benefits even though UNUM knew their long-term disability claimants weren’t eligible for Social Security disability benefits.

If you have any questions, please give us a call at 727.894.3188 or contact us online by clicking here.

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