Home     Law Advice     Insurance Advice     Community    
Fringe Benefits : Employer Sponsored Pension and 401(k) Plans, Vacation Benefits, etc.
Go Back   FreeAdvice Legal Forum > EMPLOYMENT AND LABOR LAW > Fringe Benefits

Powered by Attorney Pages


  Find An Attorney In Your Area    
 



Sign up for our Free Email Newsletter
For Email Marketing you can trust
Reply
 
LinkBack Thread Tools Rate Thread Display Modes
  #1  
Old 11-01-2004, 05:24 AM
bg42008
Guest
 
Posts: n/a
Unhappy

Company reneging on separation agreement.


What is the name of your state?What is the name of your state? Florida. My mother took early retirement in 1991 during a company downsizing. In a written separation agreement, the company agreed to pay for a life insurance policy until her death. She is 75 now and the company wrote a letter stating it will no longer pay for the insurance. Is this legal? What recourse do we have? Thank you.
  #2  
Old 11-01-2004, 05:42 AM
cbg cbg is offline
Senior Member
 
Join Date: Nov 2001
Location: Massachusetts
Posts: 24,799
Whether or not this is legal depends entirely upon the EXACT wording of the agreement and, to a certain extent, on the insurance policy itself. Some life insurance policies automatically cancel when the insured reaches a certain age. If that is the case with this one, there's no point in their continuing to pay for a policy that is no longer in force.

You will have to show both the insurance policy and the letter of agreement to a local attorney. We cannot evaluate the enforceability of an agreement we have not seen, nor know the terms of a policy we have not read.
  #3  
Old 11-02-2004, 05:17 AM
bg42008
Guest
 
Posts: n/a
Unhappy

company reneging


Thank you for your response. The exact wording, as one of the terms of the separation agreement is: "Your life insurance will be reduced to $20,000.00. This coverage is provided for your life at no cost to you." I beleive the insurance policy would still be in force as they offered to continue it if she paid for it herself at a cost of $2,392.00 per year. Thank you again.

Last edited by bg42008; 11-02-2004 at 01:12 PM.
Reply



Currently Active Users Viewing This Thread: 1 (0 members and 1 guests)
 
Thread Tools
Display Modes Rate This Thread
Rate This Thread:

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is Off
HTML code is Off
Trackbacks are On
Pingbacks are On
Refbacks are On
Forum Jump

All times are GMT -5. The time now is 08:12 AM.



IMPORTANT NOTICE
THE VIEWS EXPRESSED ON THIS PAGE WERE NOT REVIEWED BY THE EDITORIAL STAFF OR ATTORNEYS AT FREEADVICE.COM. Thousands of professionally prepared and reviewed questions and answers in 130 legal categories are to be found at the Question and Answer pages at FreeAdvice.com.

F
reeAdvice Forums are intended to enable consumers to benefit from the experience of other consumers who have faced similar legal issues. FreeAdvice does NOT vouch for or warrant the accuracy, completeness or usefulness of any posting or the qualifications of any person responding. Use of the Forums is subject to our Terms and Conditions which prohibit advertisements, solicitations or other commercial messages, or false, defamatory, abusive, vulgar, or harassing messages, and subject violators to a fee for each improper posting. All postings reflect the views of the author but become the property of FreeAdvice. Information on FreeAdvice or a Forum should not be relied upon and is not a substitute for advice from an attorney licensed in your jurisdiction who you have retained to represent you. To locate an attorney visit AttorneyPages.com. Copyright since 1995 by Advice Company. All Rights Reserved.