FiredByFAX.com - Purpose of this Web Site
This website is being provided under the rights guaranteed by the First Amendment
to the United States Constitution, and supported by the "fair use" doctrine,
as a public service to communicate the facts relating to the firing by FAX of
Mr. Peter A. Santangelo CLU by the New York Life Insurance Company for no stated
reason whatsoever on April 2, 2009.
Obviously, this website is not endorsed or authorized by New York Life Insurance
Company or any sanctioning body or formal organization. However, every effort
is being made to provide factual information and professional opinions regarding
New York Life Insurance Company and their employment practices. We will not
engage in purposeless and reckless rants and/or name-calling herein.
What are the facts about the FAX?
Specifically, on April 2, 2009,
Senior
Vice President Rick Madan of the New York Life Insurance Company fired Peter
A. Santangelo of Malden, Massachusetts.
Rick
Madan was not Mr. Santangelo's supervisor, nor had the two ever met.
Rick
Madan's FAXed letter stated in all capital letters that it was delivered
"IN HAND". However, in fact, it was actually delivered by a FAX. He did not
send it - it was sent from the retirement department.
When questioned in person afterward, Mr. Santangelo's supervisor
Managing
Partner Peter McAvinnn of Waltham, Massachusetts stated that he "did not
have time" to deliver the letter in person.
There was no reason provided for the firing in
Rick
Madan's letter, nor has any evidence of cause for the firing by FAX ever
been provided to Mr. Santangelo.
Tell me more . . .
As a matter of background, Mr. Santangelo had been in the employ of New York
Life Insurance Company for forty one (41) years. He had no complaints for the
twenty years prior from any of the regulatory commissions in any of the several
states where he operated based on the contents of his personnel file reluctanty
provided to him by
Managing
Partner Peter McAvinn of Waltham, Massachusetts.
Mr. Santangelo is an honorably discharged disabled Viet Nam veteran who has
serviced over 2,000 clients with a level of service documented in more than
score of letters written to the entire New York Life Insurance Company
Board
of Directors relating to Mr. Santanglo's professionalism, effectiveness
and caring for his clients. However, the Board has remained silent regarding
the the specific reasons for firing Mr. Santangelo and the Board has never formally
responded to any of these several letter writers who are all New York Life Insurance
policy holders.
Property was misappropriated by McAvinn . . .
Mr. Santangelo's personal files, containing a 2,000+ client "book of business"
in four large file cabinets, all paid for by Mr. Santangelo, was confiscated
by supervisor
Managing
Partner Peter McAvinn who has never returned them. It is estimated that
this "book of Business" is worth well in excess of $100,000 to the agent who
controls it. More than a dozen of the policies contained in these files were
actually purchased by Mr. Santangelo.
How were the pollicy holders treated?
In terms of service,
Managing
Partner Peter McAvinn never undertook the task of finding new agents for
Mr. Santangelo's clients. Instead, they received a form letter which directed
Mr. Santangelo's policy holders to seek help elsewhere - - all were left without
a new agent.
Good faith or bad?
Finally, New York Life Insurance Company has refused to honor its commitment
related to providing the full retirement benefits Mr. Santanglo has earned which
is estimated to be in excess of another $100,000 in aggregate benefits and has
refused to pay claims on several of the policies he has purchased.
The courts will decide . . .
As a result of the foregoing, Mr. Santangelo has filed a claim with the Massachusetts
Commission Against Discrimination.
For other cases, see:
Tommy
G. Morgan v. New York Life Insurance Company, and
Class-Action
Settlement, and
Federal
ERISA class Action Lawsuit, and
FIDUCIARY
CONCERN - Adviser Conflict Lawsuit and
Leonard
R. WOODS v. New York Life Insurance Company and
Phyllis
Meloff v. New York Life Insurance Company and
Bad
Faith Insurance Claims
This web site will at a future period post all of the proceedings of the foregoing
activities and many more documents to make public what the New York Life Insurance
Company considers "Integrity", a word put forth and promoted on a recent annual
statement, and how such compares to the facts of how the company actually treats
its employees. Please send your comments and questions to our FIREDBYFAX.COM
mailstop
Copyright 2023 - FIREDBYFAX.COM - All rights Reserved