UNUM REPORTS HEALTHY FINANCIAL NUMBERS – BUT WHAT ABOUT DISABILITY INSURANCE POLICYHOLDERS?
Wednesday, February 3rd, 2010
Unum Group just released its quarterly earnings report for the end of 2009 that proudly trumpets the company’s “favorable operating trends and solid capital position.” President and CEO of Unum is quoted saying “the actions we have taken (sic) the past several years have positioned us well and provide us with significant operating and financial flexibility.” While that may make the company’s shareholders happy, it doesn’t do much for the UNUM long term disability insurance policyholders whose claims are being delayed and denied. When an insurance company does not pay its policyholders, or instills a company-wide policy, unspoken or otherwise, of denying claims, it’s considerably easier to show healthy profits.
For the formerly hard working employees whose employers purchased disability policies through Unum and are now fighting to get their benefits, the company’s glowing press release is of little help. We work with many individuals who have had to fight to get their benefits from Unum. If you are having a problem with Unum, or any of the big name disability insurance companies, call our offices now at 1-877-LTD-CLAIM (877-583-2524) and learn how we can help.