39. When Big Insurers Fail: A Cautionary Tale

About this episode

Edward Stone discusses the liquidation of PHL Variable and its implications for policyholders and retirees.

Today, we are joined by Edward Stone, BellTel's Special Legal Counsel and the Executive Director of Retirees for Justice. Stone joins us to discuss PHL Variable, a large regional insurance company that recently filed for liquidation. He walks us through what policy and annuity holders should expect, what caused the issues in the first place, and what retirees and policyholders from other insurers should keep in mind moving forward. The Association of BellTel Retirees is dedicated to promoting the protection and enhancement of the pensions and benefits for all retirees and the current and future beneficiaries of the companies derived and evolving from the original Bell System. -- You can find more information on our website: https://belltelretirees.org/ You can donate to the cause here: https://forms.donorsnap.com/form?id=7181f443-1593-41d5-9979-725ff49ba02f Send any questions to Association@BellTelRetirees.org Find us on Social Media: Facebook: https://www.facebook.com/associationofbelltelretirees Twitter: https://twitter.com/belltelretiree LinkedIn: https://www.linkedin.com/company/association-of-belltel-retirees

People in this episode

Guest: Edward Stone

Topics covered

• insurance
• liquidation
• retirement
• policyholders
• financial security

Keywords

• insurance company
• liquidation
• retirement benefits
• policyholders
• financial issues

Mentioned in this episode

Organizations: BellTel, Retirees for Justice, PHL Variable, Association of BellTel Retirees, Bell System