UPDATE - SAPOA Insurance program

A few weeks ago I wrote regarding issues we have had with the life insurance offered by Standard through the association and the group Alex Perez, Jr. works for. You may recall that the face amounts on the policies had been dropped to $7000 without our knowledge and the coverage on the spouses had been dropped completely. A few weeks ago I was contacted by Michael Graham who is with the parent firm. He asked me to give them an opportunity to work a resolution out with Five Star before any complaints or class action lawsuits were filed. I agreed to do so. Tonight I spoke with him again and he advises that they had met with Five Star and have worked out a tentative agreement to restore the face amounts on all the policies and to reinstate the spousal policies. Nothing is final yet and there are other hoops to jump through but at least an attempt is being made to resolve the problems. Michael Graham has asked that I provide each of you with his telephone number with the request that you call him with questions. That number is (915) 820-3407. I want to reiterate that, at this point, nothing is cast in stone but it appears that we may be moving toward that end. I will keep you apprised of any updates I receive.

Suzanne S. Hildebrand