spousal rider dropped

What is the name of your state? Texas

I have been paying on a spousal disability rider for the past three years. I was given notice that due to Texas regulations, the OK-based insurance company had to drop the rider. When I talked to the insurance co. rep, she said that when her co. offered the spousal rider in 2001, it had been approved by the Texas Board. In 2007, however, due to a change in Texas Board's regulations, the insurance co.'s ADL definitions did not meet Texas standards.

So what happens to the me, the consumer, in this case?

teacher99 said:

So what happens to the me, the consumer, in this case?

Click to expand...

Very simple. You either don't have the coverage... or you find a carrier who does offer it.

I guess I was hoping that either

1- sold products would be 'grandfathered' in by the Texas Board

or

2- the insurance co. could rewrite the language of their ADL to accommodate consumers who had been paying into their product

I (naively) thought that insurance co could drop a consumer if the consumer wasn't paying on time or misrepresented information or some fraudulent action on their part. I didn't realize the consumer could be dropped due to circumstances not brought on by them.

Thanks