RE: balance protection insurance...From:"ASSURIS" <info@assuris.ca>To:"'Joseph & Sari Grove'" <grovecanada@fastmail.fm>Date:Thu, 6 Oct 2011 11:46 AM (1 hour 14 minutes ago)

Hello,

Your email was received by Assuris.  Assuris provides protection to policyholders of benefits issued by member life insurance companies should the company become insolvent.  Unfortunately, we do not have access to information of the nature you are looking for.

Sincerely,

Assuris

From: Joseph & Sari Grove [mailto:grovecanada@fastmail.fm] 
Sent: October-05-11 6:33 PM
To: ASSURIS
Subject: balance protection insurance...

Contact the Assuris Information Centre at:

1-866-878-1225 toll free

E-mail Assuris at:

info@Assuris.ca, or

Write to:

Assuris

250 Yonge Street

Suite 3110, P.O. Box 23

Toronto, Ontario M5B 2L7 

Hello,

I became aware today that: The company recently completed an acquisition of AIG Life Insurance Company of Canada (AIG Life of Canada). From the 1st of April, 2009, the former AIG Life of Canada became BMO Life Assurance Company and adopted the BMO Insurance brand for all of its marketing, broker and customer communications. It is now operating within BMO's wealth management division, the Private Client Group. It should be noted that BMO Life Insurance which existed prior to the AIG acquisition still exists under a seperate distribution arm.

I noticed that: "...backed by Assuris in..."

My Td Visa balance protection policy (which I did not qualify for because I am self-employed, but was signed up for anyway) written by TD Insurance was underwritten by Assurant Solutions...Assurant is also known as ABAC American bankers Life Assurance of Florida...

ABlac/Assurant was owned by AIG Annuity...

Canadian Premier Life Insurance Company who underwrites this same balance protection insurance product for other banks here in Canada, is also owned by AIG...

Both companies, ABLAC/Assurant, Canadian premier Life Assurance of Canada, who underwrite this balance protection insurance on credit cards (a dud, fraudulent, scam product as everybody knows), were owned by AIG...

AIG Canada failed in the Canadian market & BMO bought it...

So BMO now owns the Canadian arm of AIG...

I have been seeking a refund on balance protection insurance in the amount of $2,684.70 plus interest, because the contract was void abinitio, because no one said over the phone that a self-employed person does not qualify for any of the benfits (except death which I would not agree to because a credit card balance outstanding does not follow to surviving relatives anyway as current card contracts stand without paying extra)...

So I cannot get a refund because the people who signed me up for this thing went broke...(AIG Canada)...For lack of better wording...

Assuris states they will help people whose insurance company has disappeared...

I am sure that they aren't giving me a refund because they were sold to BMO & BMO is not handling the outstanding debts of AIG Canada...

Well, maybe they are, but not me yet...

Can Assuris give me the refund that the AIG company cannot?

Or can Assuris cause BMO Insurance to give me restitution based on the fact that they bought AIG Canada, debtors & all?

Thank you for your help in this matter,

Sari Grove

grove@sent.com

or

grovecanada@fastmail.fm

416-924-9725 in Toronto


 


Comments


Comments are closed.