The rich rule over the poor, and the borrower is slave to the lender.
Wednesday, March 31, 2010
Slimey AFLAC Agent
My employer officers us an allowance of $20 bi-weekly towards the purchase of any AFLAC policies. When I started at this job, Pre DR, I signed up for the accident policy, and the cancer policy.
I verified today that the cost per each is 14.97 for the accident policy, and 26.67 for the cancer policy bi-weekly. If I were to cancel the cancer policy, my employer would drop my benefit to the 14.97 for the accident policy, but it's no money out of my pocket. if I cancelled both, it would still be no money out of pocket, but they wouldnt give me that additional benefit. Additionally, this has been a pre-tax benefit, so really, in th last year and a half, I've only been paying $20 or so out of my own pocket, bi weekly. Well, thats $40 a month I'm paying towards a policy that dave says I don't need.
So I figured that I could cancel that policy and use that $40 a month to pick up an additional life insurance policy through zander instead, because I don't have enough.
Well, this slimey aflac agent starts giving me the run around today. Tried to make me feel guilty about wanting to cancel, and I even told him "Look, I know you're a salesman, and it's your job to sell to me, but I don't need this policy." and he was like "Why not? Who have you been talking to?" and I told him, "My close, personal friend, Dave Ramsey." He paused for a minute and he said "I know who Dave Ramsey is, and I know what he teaches, but he's wrong about not needing cancer policy. There's a little girl in my church who got cancer, and we paid out $50K cash to the family. Would Dave Ramsey tell you to give that $50K back?" and I said no, but he would tell me to save my $40 a month to use it for something better, like life insurance or paying down debt, especially since my health insurance will cover cancer..."
So then he goes into overdrive, and says "Well, your company uses the cafeteria plan, and IRS code 125 blah blah blah....something about it being pretax dollars you can't un-enroll until open enrollment (which is in december)" and I said "Um, You can't ENROLL until open enrollment, you can opt out, at anytime." and he said "With anything else, yes, but not this." and he went on to say "Tell ya what I'm gonna do, I'll talk to your employer and see if they are going to allow you to do this, but they might get audited and fined by the IRS, so I'm going to recommend that she not allow you..."
I pressed record on my phone about halfway through the conversation. He was really beginning to tick me off now - trying to scare me in to it - how can an insurance agency, or my company force me to continue to purchase a product that I don't want any more? Is he right? Or is he just pushing my buttons, trying to keep my business?
OH! The other thing I told him was that i was planning on keeping the accident policy, because it was a free benefit to me, but realistically, it hadn't done much for me anyway, except payout a single $60 claim from having my yearly exam. He said that my cancer policy had the same benefit - I could get a cancer screening every year, and they would pay me $75. And I said "So let me get this straight, I should pay you $26 every 2 weeks, so that I cn get a $75 check from you once a year?" and again, he stumbled, "Well, yeah, but if you get cancer, we pay you cash....blah blah EFFING blah."
So, I emailed my HR lady to tell her that he was going to be calling, and I told her that he said he was going to recommend to her that I not be allowed to opt out until open enrollment. I'm calling BS. This stinks. What an @$$.