FREDERICK WILSON POLATTY

FREDERICK WILSON POLATTY is currently employed as a Broker and/or Investment Adviser at CENTAURUS FINANCIAL, INC. located at 1800 HUSTED ROAD, SUITE #C, CONWAY, SC, 29526.

FREDERICK WILSON POLATTY has worked at CENTAURUS FINANCIAL, INC. since June 02, 2003

Disclosure History

FREDERICK WILSON POLATTY has 1 Disclosure Event(s).

Date: April 01, 2005
Category: Customer Dispute
Allegations: CLIENT ALLEGES HE DID NOT WANT MORE INSURANCE. ALLEGES I SAID HIS CASH WOULD GROW AND WOULDN'T HAVE TO PAY ANY FURTHER PREMIUMS. REVIEWED HIS CURRENT ELA POLICY, WHICH LAPSED AT AGE 89. PRESENTED AN INCENTIVE LIFE PROPOSAL AND PROSPECTUS IN MARCH 2000. CLIENT LIKED IT FEATURES AND BENEFITS OF INVESTMENT ACCOUNTS AVAILABLE, WHICH WERE NOT AVAILABLE IN HIS ELA POLICY. HE UNDERSTOOD, SIGNED AND INITIALED ANY NON-GUARANTEED VALUES WERE SUBJECT TO CHANGE AND COULD BE HIGHER OR LOWER. I TOLD HIM PREMIUMS WOULD ALWAYS HAVE TO BE PAID BY CHECK, TO INSURANCE COMPANY OR DEDUCTED FROM HIS POLICY ACCOUNT. DAMAGES ARE UNSPECIFIED.
Settlement Amount: $1,290.15
Broker Comment: CLIENT NEVER TOLD ME HE WISHED TO CASH IN OLD POLICY OR WANTED TO KEEP IT AND NOT PURSUE THE NEW COVERAGE. CLIENT AGREED AND WANTED TO PURSUE THE NEW INCENTIVE LIFE POLICY. I CATEGORICALLY DENY ALL HIS ALLLEGED COMPLAINTS.

More Information

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