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: Tue Jul 06, 2010 04:52 pm Post Subject:
Wait, is this conversation about free life insurance still taking place?
Posted: Tue Jul 06, 2010 05:53 pm Post Subject: insurance
Wait, is this conversation about free life insurance still taking place?
Actually.... i really don't know. As I'm reading through the thread, I'm a bit confused about the "free" Insurance that is being discussed. In ONE post, it says "premiums are paid..". In ANOTHER post it says the Insurance is "free". As I posted above, I have a friend (a relative, of a friend..) that I asked advice about. I also told him about this Forum. he is very interested in the information, etc. on how this Forum works. he said he would, "love to post correct info and give some insight...." Low income Insurance?.....exactly what it means. A certain type of Life Insurance, that is 'geered toward' low income individuals (I that that was pretty self-explainatory).Posted: Tue Jul 06, 2010 06:39 pm Post Subject:
The "free" insurance conversation started simply to point out that there is such a thing as free insurance and there aren't strings attached. Most conversations about free insurance involve somebody trying to sell something. That isn't the case with the Lifebridge program.
Is "low income insurance" something different than insurance policies with small face amounts? I've truly never heard of the term before.
Posted: Tue Jul 06, 2010 08:47 pm Post Subject: insurance
Is "low income insurance" something different than insurance policies with small face amounts? I've truly never heard of the term before.
They ARE Insurance policies..Life Insurance policies. The broker I talked to had shown me some paperwork (of course, I didn't see a name on the paperwork) that a low-income family bought Whole Life Insurance for $50,000!! The family pays $10 per month for it!! I don't know which Insurance company, my friend went through. Since he is a broker, he deals with many types of Insurance and different Insurance Co's. However....this family ( I think a 'family of 4') has less than $800.00, per month, as income.Posted: Tue Jul 06, 2010 08:52 pm Post Subject: insurance
I've already given a few of my 'clients' this Insurance informtion, how to get ahold of the broker, etc. Thery're (my 'clients') are pretty excited about it!!
Posted: Fri Jul 09, 2010 05:59 am Post Subject:
The "free" insurance conversation started simply to point out that there is such a thing as free insurance and there aren't strings attached. Most conversations about free insurance involve somebody trying to sell something.
Actually, the post I started was based on my disbelief at the suggestion that there was a "free insurance product" being marketed to wealthy persons.
I, like a number of others, was unaware of the LifeBridge program from MassMutual, which was directed at an entirely different type of insured, and from all appearances is/was a remarkable program.
But it does/did come with its own set of significant "strings" attached and intended to prevent most persons from obtaining it. The program was due to expire at the end of 2009 (subject to reevaluation), so I don't know if it still operates, or in what states it was ever approved for marketing.
The "agent solicitation" I posted is most likely being misrepresented when it uses the term "free" or "no premiums".
Posted: Sat Jul 10, 2010 04:15 am Post Subject:
It's a pension plan with a free health check up.
Posted: Sun Jul 11, 2010 02:36 am Post Subject:
[/quote]was unaware of the LifeBridge program from MassMutual, which was directed at an entirely different type of insured,
I looked at the Mass Mutual website and couldn't find anything on it. "..different type of insured.." How different? What makes the insured different, in this case? I guess this LifeBridge is not making sense to me.
Posted: Sun Jul 11, 2010 08:06 am Post Subject:
OK, so you couldn't follow the link. I did, and on Pg 2 of this thread, fourth post from the bottom of the page, just above one of yours, I copy and pasted the most important aspects of the program -- age and income requirements -- and the fact that it is limited to one per qualifying household.
It's not that the insured is "different" per se, but the "target market" so to speak. The target of this program is the same kind of person who often gets solicited for "home service" (or "industrial") life policies -- very low value and relatively high cost whole life policies (in CA, the total amount of such insurance on any one life is limited to just $10,000, so the MassMutual program has/had somewhat greater value).
But, in my view, the MassMutual program is/was mostly a public relations thing. Excellent motives, but greater PR value for their agents who could say to more affluent clients, "Here's the kind of company we are." Works for me.
Many other insurance companies are just as philanthropic when it comes to supporting underserved communities, just in different ways than free insurance.
Posted: Sun Jul 11, 2010 08:03 pm Post Subject:
Yes, the Lifebridge program is good PR for MM. That being said, an insurance company or any business, would be foolish to not do their charity work in a way that gives them quality PR. It seems like giving away free insurance is a good way for an insurance company to give back. As was said earlier, the biggest challenge with the Lifebridge program is that it turned down that it's actually quite difficult to give away free coverage because people don't believe that it's free.
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