John - I am happy to say that my clients will not guinea pig this, however someone's will. Maybe they will do the Mega thing. Get new agents to sell a product they do not understand for a bit, then quit. Or maybe this is the real deal. We can only wait and see.
I know that I have gotten over excited about offers and not fully researched them. The millionaire bit was a red flag, but that just could have been some IMO
's bad advertising. How many ads have we seen like this that pan out to be nothing? I know I see the "stay at home, no selling, no inventory, and make millions" and go right past them. Mary, John has a point that if you are going to market to professional agents, don't do the "pie in the sky" thing.
However, we value your posts and if you think that it is worth looking at, then lets look past the bad ad.
Here are the questions that I have:
1. Who is the insurance company offering the policy?
2. Who is paying the premium?
3. Is there any poss tax penality that my client could face?
4. What if the person(s) paying the premium stop? Can the client continue? What options are there in this situation?
5. What health questions are there? What type of verification process is there?
Anyone else have some questions? Rather then bad mouth it, research it to let it prove that it is worth our time.
Example: When I worked at Firestone, I would ask people "When was the last time you checked your tires?". They could say 2 weeks and how could I dispute that? But I learned to ask, "When you last checked your tires, what pressure did you put in it?" Ahh...2 weeks ago would not cut it! 95% could not bluff their way out of it. And that is why your tires wore out so quick...blah blah blah
Point - Asking the right question(s) that require a definate answer will prove the situation, or any situation for that matter.
Mary, thank you for bringing this post. I am sure it would have come about eventually, but you are the only one that has talked to someone about this. So, you are the leader so far. Thanks!