Need an Attorney or paralegal to help me file a complaint against an insurance company that issue my Long term care policy
Budget: $30 – $250 USD
I have already file complaint with the State Department of Insurance and got no result
Freelancer need to have knowledge about 1035 Exchange and rollover of Annuity from one Qualified to another
Daring to exercise my right to surrender my Long Term Care policy at Company_A. The product name is Company_A Asset Care.
Two months ago, I surrendered my long-term care policy at Company_A. The policy Company_A Asset Care has two components a whole life component and an Annuity component. I requested that Whole Life component be surrendered and that the annuity component which is a qualified plan be rollover to one of my previous employer 401k.
After two months and multiple exchange emails and calls to Company_A, the Whole component is surrendered.
As of today, The annuity component is still at Company_A . The company is using all kind of deceptions and making up their own rule to prevent me from rolling over the annuity.
For example, Company_A requested a corporate resolution letter from the company where I want to roll the fund.
After receiving the letter, Company_A create different rule. For example, Company_A request a 1035 exchange form. Below is an extract from Company_A Letter asking for the 1035 exchange.
1035 Exchange is used to transfer from a life contract to a life contract.
Company_A has received all the needed documents to process the rollover request for policy number 5920036555 and will request a rush.
Please note, the 1035 Exchange documents from Company_B have not been received. This document is needed to complete the exchange.
Observe the contraction between the first and the second paragraphs above. I have consulted with many financial advisors and all are clear that 1035 exchange is NEVER for rolling over fund from one qualified fund to another.
Freelancer need to have knowledge about 1035 Exchange and rollover of Annuity from one Qualified to another
Daring to exercise my right to surrender my Long Term Care policy at Company_A. The product name is Company_A Asset Care.
Two months ago, I surrendered my long-term care policy at Company_A. The policy Company_A Asset Care has two components a whole life component and an Annuity component. I requested that Whole Life component be surrendered and that the annuity component which is a qualified plan be rollover to one of my previous employer 401k.
After two months and multiple exchange emails and calls to Company_A, the Whole component is surrendered.
As of today, The annuity component is still at Company_A . The company is using all kind of deceptions and making up their own rule to prevent me from rolling over the annuity.
For example, Company_A requested a corporate resolution letter from the company where I want to roll the fund.
After receiving the letter, Company_A create different rule. For example, Company_A request a 1035 exchange form. Below is an extract from Company_A Letter asking for the 1035 exchange.
1035 Exchange is used to transfer from a life contract to a life contract.
Company_A has received all the needed documents to process the rollover request for policy number 5920036555 and will request a rush.
Please note, the 1035 Exchange documents from Company_B have not been received. This document is needed to complete the exchange.
Observe the contraction between the first and the second paragraphs above. I have consulted with many financial advisors and all are clear that 1035 exchange is NEVER for rolling over fund from one qualified fund to another.