New York Life Insurance Fraud
August 26, 2010 by
Filed under life insurance
– make sure to click watch in high quality under the video — A victim of New York Life Insurance fraud speaks out about her ordeal. She will not rest until she gets her deserved justice! Please listen to her story and heed her warning.
I LOVE this company! The company paid claims on a policy that was lapsed and not paid for 5 years in my family when my step-father died!!!!! NEW YORK LIFE KEEPS ITS PROMISES AND PAID US 2 million dollars. it doesn’t sound like that company frauded you—-you propbably didn’t fully understand what was being sold to you.
I still don’t understand what the fraud is against New York Life- just sounds like that agent is an idiot
sounds like its not really New York Life, but more the agent and the leagl system. NYL fired the clown and the statutes of Limitations is a legal system issue.
@visionimagify You are talking about Truth? Your opinion is only based on what you know…not on what you don’t know. Insurance is only required for motor vehicles…not for automobiles. They are not the same. Watch my videos and you will perhaps understand that you are not reqired to have a Driver’s License, Registration or Insurance.
@younitehumanity True, but states like South Carolina require you to have different types of insurance. You’re likely FORCED to get car insurance in this state, or go to jail. Sucks, but that’s the truth.
Insurance in america is a BIG scam.
OMG it is sad but this is how America has been surviving for the last century. Making rich a few and making poor poorer. Its the system. The strongest survive the weakest…
@younitehumanity huh?
Someone that seeks “INSURANCE”, regardless of what kind…is acting irresponsibly. You only get insurance because you want someone else to be responsible…because you are irresponsible. We have been ‘trained’ to seek limited liability because we refuse to assume unlimited liability for our actions.
NEW YORK LIFE HURTS PEOPLE INSIDE AND OUTSIDE OF THE INDUSTRY.
WHY ELSE WOULD THEY HAVE BEEN FINED MORE THAN $2,000,000.00
16 TIMES IN THE LAST FIVE YEARS?
WHY ELSE WOULD THEY HAVE BEEN FINED MORE THAN 350 TIMES FOR FILLING LATE WITH FINRA(NASD)?
HOW DO THEY JUSTIFY TELLING LIES IN US COURT ABOUT THEIR OWN PAYROLL PRACTICES?
Im just curious how were you able to afford the 3k a month for the policy?
If anyone cares the phone number to that guy’s company is 703-750-9111.
I called, but the person who answered didn’t really know about it.
Remember, insurance agent is not your friend nor on your side !
Lawyers are, when you pay them, they do all this legal documents exchange and making sure you sign a document beneficial to you, and lawyer follows all closely.
Trust no one !!!!!!!!!!!!!!!!!!! use your common sense
I would never sign any contracts, insurance policy, documents without advice and security from a lawyer or even two… always have a backup from a lawyer, ALWAYS !
$3000 policy premium per month with no lawyer on your side, prior to signing policy ? sometimes people wish to save some $ without realizing how much they risk for the future… they also trust these assholes insurance Co. etc.
I also used to sell life insurance ,and our supervisor told us to sell the policy no matter what . she would say “sell the policy who cares if they are already covered”
@NYLifeInsuranceFraud I personally must agree with you . I am a college student in the medical field ,insurance companies don’t care about customers’ all they care about is about how much money they will make regardless of the situation
Great video about the FRAUD done to this woman by New York Life (N.Y Life) & their criminal agent Suk-ku Lim who now plays ‘businessman’ in Virginia.
Not surprising that courts have a short Statute of Limitations-they’re in bed with BIG BUSINESS, and Insurance is one of THE biggest.
SHAME ON YOU N.Y LIFE INSURANCE for stealing a working woman’s money through your criminal agent and keeping it via a technicality.
SHAME VIRGINIA COURTS, for having a statute of limitations on clear FRAUD!
education is the hey!
Keep hearing that NYL is a great company and what not.. They are one of the most admired in their industry.. They are in Insurance industry lol. Doesn’t prove anything. All these variable products and whole life has HUGE commissions on top of mutual fund fees and insurance fees for variable products.. It may be good for some but for me it’s just too inefficient. TOo much of money money is going out as fees and commissions.
I think buying term, and investing in index funds makes sense.
the market has gone nothing but up. Sure it has its up and downs but the span of 30yrs shows nothing but improvement, retirement is a long term goal not a short one and if they are worried and are 55yrs or older there is a wonderfull product from metlife that has a gauranteed rate of return that is tied in with mutual funds. All aside whole life pays out awesome profit for you and thats not a bad thing thats how you get paid. The only problem is the fact that its not a great product.
well I wouldn’t buy any life insurance with a cash value to it EVER!!! Worst investment no matter how you look at it. As for me researching nyl custom whole life I will but I would recommend you to investigate van kampens equity and income fund. Your argument about the market is weak, again if you would look at the last 30yrs the market has gone nothing but up! Use yahoo or anything to show u a graph.
lol, do some research on nyl custom whole life. thats a great product with face value going up fasssst. As far as i know, nyl cash value life ins can beat any other companies’ cuz i did search on that.
hahaha, eat steak later or have nothing to eat. buy term invest the difference? do you check on the market out there? NYL the most admired’ company in industry. AND it is like any other careers, there good people and bad people. So be smart and think about what they say, not how they look. same thing here. Is it a real case or some kind of competitive fighting behind the scene? if its a real case. I’m sorry what shes been through and wish her the best coming.
I appreciate your point of view civic. Its very true that people are not disciplined enought to follow through with investing the diff. but that is were PAC’s come in and facilitate such actions. Also you are correct mutual funds don’t offer gaurantees but 2-4% gauranteed or choosing 8-12% non gauranteed well my friend I think anyone who truely has interest in having a good retirement fund is interested on high rate of return vs. being safe. Best to sleep less now but eat steak later.
Lol thats funny that selling anything other than level term makes you a crook. But hey if you wan to buy the term and invest the difference by all means please do that. An insurance agent and show you how to do both. The problem w/ that is a lot of people dont’ have the discipline to do both. Whole Life or cash value policies off something mutual funds cannot which is a guarantee. I have nothing against Dave or Susan b/c a lot of what they are saying is correct. Check out all your options first!