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Public servants and CLICO

Sep 19, 2010 Letters

Dear Editor,
Several CLICO policy holders after hearing of CLICO going bankrupt and the financial scandals, in fear, especially public servants, stopped the monthly insurance deductions from their salaries which went straight to CLICO during the debacle which has lasted for quite some time.
I would like to know whether or not these policy holders would be given the monies that remained in the CLICO accounts at the time of the last deductions from their salaries, or if all of that money is lost.
I am hoping that they would still receive the money which they saved with the insurance company during that period of time, even though they stopped contributing further to the insurance plan.
If they would not get back their monies, then whose pockets did it go to or will go to? If they will not be getting back a cent from CLICO or the Government, then that is nothing less than robbing these policyholders of their monies.
Name and Address Withheld

Editor’s Note,
The President has said that all will get their money.

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