... there is no hell in the world the bank would give you only half the insurance (not even a nickel) when their policy specifically says coverage terminates at age 70.I would not of minded if the banksters told me that I was only allowed half the insurance.
That would of been Okay with me.
... agree with first statement. as with your 2nd statement, whose fault is that? According to LTA, that's your fault that you don't understand loan insurance or didn't bother to read insurance contract (which you would have unlikely to have on hand and yet the bankster did.)Half or no half is not the issue with me.
The banksters should not of even talked about insurance with me when I was 69 and the policy was invalid at 70.
.. in hindsight now. In actuality depending on the size of the loan and the so-called "loan officer or banking rep", they may pressure you in getting insurance. The bank ain't gonna to take unnecessary risks. They want their loans to be "secured" in some form.They could of given me the loan without insurance.
It is not as though the law said they had to insure the loan.
.. maybe an innocent act of "over-selling" but regardless who's doing the selling here? Ain't you.If the banksters had not suggested it to me, I probably would not of even thought about it.
It was an act of over-sell.
Based on LTA's high moral grounds, he seems to suggest you (but the bankster didn't, funny enough) KNEW the policy was gonna to terminate at age 70 and yet went ahead and purchased it (under duress as you were desperate in getting the loan), signing the dotted line and when the unforunate times came that your brother died, it was discovered by "you" (again, funny not the bank) you had no insurance.
So according to LTA, it's your fault the bank was asleep (being polite here). It's NOT the bank's job to 1. check your age, 2. read and know their own damned insurance terms, and 3. doing nothing when an error is made even the customer admits it was his fault. According to LTA, the responsibility is ALL YOURS. You should have worked for the bank.