by MaxHerr » Tue Jun 22, 2010 01:45 am
The following message just landed in my personal email inbox. Don't know whether to post this here or in the Insurance Fraud forum, but this ought to crimp a few feathers:
Obviously, I'm not going to supply the link.
Yeah, LIFE INSURANCE . . . The "one sale to retirement" product. If it were true, wouldn't everybody want to be "doing it". Imagine, no premiums to pay, no premium financing, no life settlements or other "confusing, complicated methods." Sounds like FREE INSURANCE!! How hard is that to sell? (So hard, it's unlawful in every state!)
This one's a first for my inbox at verizon.net.
I’m involved with a life insurance strategy that’s so powerful, many agents could retire with just one sale. No kidding.
It’s easy to sell life insurance when the buyer doesn’t have to pay a premium for it. This system does not use premium financing, life settlements or any other confusing, complicated methods. It’s simple and easy for a prospect to understand and easier yet to sell.
There are qualified prospects in your area available and need to identify competent agents quickly. For more information and details, click here:
Obviously, I'm not going to supply the link.
Yeah, LIFE INSURANCE . . . The "one sale to retirement" product. If it were true, wouldn't everybody want to be "doing it". Imagine, no premiums to pay, no premium financing, no life settlements or other "confusing, complicated methods." Sounds like FREE INSURANCE!! How hard is that to sell? (So hard, it's unlawful in every state!)
This one's a first for my inbox at verizon.net.
Posted: Sat Jun 26, 2010 09:41 am Post Subject:
Sorry that I can't properly direct you to it. I can assure you that it's legit and is free to the consumer. There are age and income restrictions and the money can only be used for education. I believe that the person must be between 22 and 40 and have a household income of less than $40,000, but must be working. They must be standard risk or better. It is a 10 year $50,000 term policy. The death benefit gets paid into a trust and will be used for higher education.
Posted: Sat Jun 26, 2010 02:22 pm Post Subject: insurance
I DID find information about Life Insurance. It was talking about certain premiums you pay (depending on whether it's Whole or Term Life). I couldn't find anything about a Life Insurance policy that is free to consumers.
Posted: Sat Jun 26, 2010 04:42 pm Post Subject:
Finding information about life insurance is irrelevant. We are talking about specific information. Try this:
massmutual dot com/mmfg/pdf/lifebridge_eligibility.pdf
Posted: Sun Jun 27, 2010 03:32 am Post Subject: insurance
That's where I looked, originally...at Mass Mutual. The website talks about several different kinds of Life Insurance you can purchase, etc.
Posted: Sun Jun 27, 2010 11:02 am Post Subject:
You'll see tons of stuff if you look at the Mass Mutual website. Instead, look only at that PDF on the website.
Posted: Tue Jun 29, 2010 04:23 pm Post Subject:
OK. Here are the specifics of the "LifeBridge" policy/program:
You are eligible to apply for the LifeBridge program if you are:
• Between the ages of 19 and 42;
• The parent or legal guardian of one or more dependent children under age 18;
• A permanent, legal resident of the United States;
• Currently employed full or part time with a total family income not less than $10,000 or more than $40,000 annually;
• The only member of your household who has applied for the LifeBridge Free Life Insurance Program; and
• In good health as determined by MassMutual’s underwriting guidelines.
You would not be eligible if you:
• Have been diagnosed with heart disease, cancer, HIV or Type 1 Diabetes;
• Currently abuse drugs or alcohol or have abused them within the last 10 years; or
• Are currently on probation.
Additional underwriting will apply.
But, notice also:
How long will this program be available?
The LifeBridge Free Life Insurance Program will be available until 20,000 policies have been issued, or through December 31, 2009, whichever comes first. MassMutual will reassess the program after that date.
The program is of limited duration and value (max $50,000, and highly restricted -- insured's income between $10,000 and $40,000, not currently on probation, only one to a household, etc), and is not germane to my original post. As "free insurance" it may or may not have been approved in all states. As a public service, it has some value, mostly PR for MassMutual (which is a fine company in its own right):
INSURANCE COMPANY TO GIVE AWAY $1 BILLION IN FREE LIFE INSURANCE
My original post was about selling insurance to very wealthy persons "with no premium" associated. That, to me, is highly suspect, and was the impetus behind my post. The solicitation I received as a licensed agent appears to me to be "too good to be true." And when that's the case, it probably is.
Posted: Wed Jun 30, 2010 04:06 am Post Subject: insurance
MAX.....yes, I agree. Usually if I see something that's "too good to be true", it probably is. Life Bridge?..I've never heard of it..really. I don't know anyone that has it, anyone. It seems like there are alot of 'limitations' to this 'free' Insurance.
Posted: Thu Jul 01, 2010 01:24 am Post Subject:
SDCharger, There is no reason why you would have heard of the LifeBridge program. It's not like they would do a heavy advertising campaign about giving away free life insurance. There is no reason to put "free" in quotes. It is absolutely free for the participants.
It isn't too good to be true. It's a good thing. It's not a replacement for getting necessary life insurance. It's designed to make sure that there is money for college. The "limitations" has no impact on how much coverage they would give out. It just set the criteria of who would be eligible.
Posted: Thu Jul 01, 2010 09:36 am Post Subject:
Life Insurance with no premium?...that would be a good trick.
I do come across such proposals as 'life insurance with no-exam' and 'life insurance with no premium'. It's hard to guess if such coverage would at all be helpful to us under crisis. I guess it's high time that we stop fancying about "free" services. We must understand that 'Nothing in this world comes for free'. There's always a catch!
Posted: Fri Jul 02, 2010 01:27 am Post Subject: Wow
Interesting, sounds to good to be true. Maybe I should become a sales agent haha. Rather owning a store
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