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: Fri Jul 02, 2010 01:30 am Post Subject:
Life insurance with no exam isn't free. It just means no exam. Because there is no exam, it is typically more expensive.
Some things are free. As we've talked about, the Lifebridge program is free, but it is for working poor people with kids.
Posted: Fri Jul 02, 2010 03:44 am Post Subject: insurance
I've searched Lifebridge, on the web, and can't find any information on it. If this Insurance doesn't need any kind of exam, from their consumers, they are taking a big risk.
Posted: Fri Jul 02, 2010 11:31 pm Post Subject:
Max has posted details.
Not needing an exam doesn't equal big risk. This is because no exam doesn't equal no medical questions.
Insurance companies would prefer to do small policies without exams because the cost of the exam and getting medical information could equal an entire years worth of premium.
Posted: Sat Jul 03, 2010 04:49 pm Post Subject: insurance
Just about ANY Insurance company has Medical exams, to determine the 'risk' : 1) the risk medical status on the person who wants to be Insured..2)If that particular Insurance company wants to take that risk. Thsi entire 'free Insurance' thing still sounds very fishy to me. Never could find anything, VIA the Internet, on it.
Posted: Sun Jul 04, 2010 12:26 am Post Subject:
You may not be able to find it, but you have three insurance agents on this board who have told you that it exists and Max copied and pasted the information. It is a CHARITABLE endeavor.
Asking medical questions is not the same as having a medical exam. If a 60 year old wants $5,000,000 of coverage, there will be a medical exam. However, I don't know of a single life insurance company that would do a medical exam on a person under the age of 40 for a $50,000 10 year term policy.
In fact, unless there is a specific reason, they won't bother getting an attending physician statement. You have to understand that the exam will cost more than the insurance as will getting the medical records.
Posted: Mon Jul 05, 2010 01:15 am Post Subject: insurance
I spoke to a relative, of a friend of mine, this weekend. He's an Insurance broker. I was asking him questions about this "free Insurance." Actually...he DID say it DOES exist. However, he doesn't recommend it because...(paraphrasing here)....'that kind of Insurance doesn't have a money reserve to back them up, in case of emergencies and there is a huge amount of limitations. The small amount of benefits they SAY they have, they don't pay for.' (end of paraphrase)Well....I guess that 'sums it up' for me.
Posted: Tue Jul 06, 2010 10:05 am Post Subject:
SDchargersfan, get a relative who knows what he is talking about. One of your problems is that you have a tendency to latch onto incorrect information and believe it as fact. Haven't you figured out yet that when people on this board tell you something, you get correct information. This board has the advantage of people being able to correct incorrect information.
The free life insurance has the exact same reserves as all MassMutual life insurance policies. There are no limitations that don't exist on other policies. They pay their claims. The policy is no different than any other 10 year term insurance policy. There is no difference in the policy language.
Posted: Tue Jul 06, 2010 11:57 am Post Subject: insurance
Actually....I'm referring my 'clients' to other (low-income) Insurance policies that the relative recommends.
Posted: Tue Jul 06, 2010 12:21 pm Post Subject:
I have no idea what is meant by a low-income insurance policy.
Posted: Tue Jul 06, 2010 01:02 pm Post Subject:
My head just exploded.
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