Reliance Standard
Reliance Standard is a scam!
Reliance Standard is the biggest scam ripoff company in the business. They say they will pay 60% of your salary upon proof of disability . They don’t tell you that upon approval of social security disability or benefits that they will deduct this amount from their payment. That leaves you with a monthly check of around $100. After paying $30.00 a month premiums for the past 11 years I feel that I have been had. Thank you Reliance Standard for adding more stress to my life and that of my family.
Reply
Robert, at the time you bought your policy, your employer should have provided you with a copy of your disability policy with Reliance Standard. If your disability policy does not provide language allowing Reliance Standard to seek an overpayment for SSDI, then they are not allowed to. Your employer negotiated the terms of your disability policy with Reliance Standard. Most claimants don’t realize that ERISA disability insurance policies include language that allows for an SSDI setoff.
