The following extracted from the Barbados Investors & Policyholders Facebook page – David, Barbados Underground
Barbados Investors & Policyholders Alliance
BIPA is aware of the cessation of premium payments to ResLife with immediate effect and understands that as the Government of Barbados is pushing ahead with its mandate to dissolve the ResLife operations, then this first step in the process is a necessary one.However, BIPA continues to be in communication with the Boards of ResLife and NLICO to make sure that BIPA is kept informed of developments as we wish to avoid any more unpleasant surprises causing shock and awe to policyholders, especially our most vulnerable policyholders; the elderly. Their lives have already been disrupted and devastated by this injustice and they simply cannot take any more grief.
BIPA has submitted over 60 questions anticipating those which are likely to be asked by policyholders and will keep its members informed as responses to those questions and other details come to hand.
The blogmaster invites you to join the discussion.