Who would spend there time scrubbing that many apps for agents and not get a dime? If you are great I reaspect your helpfulness. If you are getting paid, then you are recruiting. Is it that awful to be accused of recruiting? I wouldn't be offended if you called me a recruiter. I am not one, but I wouldn't leave the forum over it. I apologize if it is because of me, I know you are going through a hard time and maybe thats why you are being sensitive. I am still open to the idea of 0 premium but I will not be the first to sell it.
Senior the only apps I will be scrubbing are my agents here in Wyoming -- like I said here before
I had a very nice conversation with a gentleman today -- one who called me about this thread
We discussed alot of things -- I won't go into much of a detail -- just one -- I am one person -- I am the Part D Lady here in Wyoming -- thats me
15 agents in my own hierchy here is more than I will be able to handle ( according to what I have heard about thru conference calls ) -- yes you are right in saying I will have to scrub these applications -- but can you imagine have to do verification calls for 100 different agents? and btw I was told that this had to be done by the manager -- not someone else -- that way you take personal interest in what your agents are doing -- and if one application is bogus -- that agent gets terminated -- if 2 agents apps are bogus -- You are terminated -- does anyone think that I would want that responsibility for agents that I don't know personally????
Everyone that has contacted me -- did not go on my hierchy -- it went to my managers ---
Now here is a question -- if anyone else would want this responsibility of a manager -- I know lots of agents that would want to sign up under you...
So again -- here we go again....
And Senior I am not leaving the forum -- and again it wouldn't be because of you --- I have had a short temper lately and I apologize if I am extra bitchey. but I won't be posting about the zero premium any longer -- all i wanted since the beginning is for everyone who was interested in this product as an agent -- to get the info that was needed and be able to be signed up as an agent with a good company and be happy
And of course again -- if it works out with everyone than great -- if not then at least it was a good dream
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You won't know unless you ask!!!!
email me at mdonaldson@insurer.com
Mary D.
Surmise: Definition "An idea or opinion based on insufficiently conclusive evidence; a conjecture." "A judgment, estimate, or opinion arrived at by guessing."
Mary, don't give these people any more of your time. You said you were done on this thread. Everyone seems to know it all, how the actuaries HAVE TO WORK, etc. As I stated in an earlier reply, these (so called experts) are like the sports analysts who all seem to know exactly what is going to happen in the coming season. Why so dogmatic about what is so unknown? Mary, don't dignify these people with any further dialogue. If it happens and becomes a great blessing to seniors and agents; it will be worth it all. EXAMPLE OF BAD SURMISING: "Lets say that the average length that these old people will live from today is 20 years." Hello, how many 80 year olds are going to live to 100? It is for 65-85 year olds and the average lifespan for that group is 84 months. Now do the math with an investor and 100 clients. Do the math for an investor where the client dies in the first year. That is an amazing return on his money. Probably several hundred percent in fact. If it is an average of 7 years, the investor would easily profit 15, 20% plus. The investors are not going to make this move without understanding ALL THE RISKS. It is the law of large numbers. Some will be a minimal return or even a loss. Some will be massive returns. That is simple investment risk spread. Say you can't give away something? I have done a lot of MA's and because I am passionate about a zero premium, my clients are as well. It is all how you look at it. But here is my favorite of all. I am ripping myself off as an agent for what I could be making a lot more commission per deal with any other insurance company. Hello! How many of these size policies are you writing in a day now? I would rather have 4 $250 commissions than 1 $1,000 commission any day. And some people seem to be forgetting that they have to have a client agree to paying the healthy premiums to help them earn that $1,000 commission. NO chargebacks. No competition. Any one I sell a larger policy to can get a competitor's quote, have them come to their door after me etc. Do the math people, this is going to far outperfom. The only possible issue with me is the senior and I do love them. By the way, I enjoyed chatting with you on the phone Mary. I really recommend that those who are so convinced this is a scam; your voice has been heard, let it rest!
Mary, don't give these people any more of your time. bah.....blah...blah... "Do the math for an investor where the client dies in the first year. That is an amazing return on his money. bah.....blah...blah... The investors are not going to make this move without understanding ALL THE RISKS. bah.....blah...blah... It is all how you look at it. bah.....blah...blah... Do the math people, this is going to far outperfom. The only possible issue with me is the senior and I do love them. bah.....blah...blah...I really recommend that those who are so convinced this is a scam; your voice has been heard, let it rest!
But who is paying the prem.....and who is the main beneficiary....a nigerian bank.....that could be a problem......it seems that you are turning old people into a marketable commodity...yea Mary don't listen to me....I have never made a dime off you and saved you some headaches on the NAA deal......
"Hello, how many 80 year olds are going to live to 100? It is for 65-85 year olds and the average lifespan for that group is 84 months. Now do the math with an investor and 100 clients. Do the math for an investor where the client dies in the first year. That is an amazing return on his money. Probably several hundred percent in fact. If it is an average of 7 years, the investor would easily profit 15, 20% plus. The investors are not going to make this move without understanding ALL THE RISKS."
BINGO!!! And the insurance companies know that and are not going to make the deal if they lose money!
WOOF! WOOF! A dog with fleas. Don't be duped! Pat gave us some of the facts, but left out (conveniently) others.
The carriers are much aware of the life settlement companies, the SOLI deal's, bonded settlements, etc. which is why they are buying up life policies as part of their portfolio. The investment returns offset the increased payout on the relatively small percentage of policies that are sold in these arrangements.
This is akin to the hand wringing that took place when AID's started to become an issue. Some carriers felt they would have to raise rates as much as 10% across the board to offset the additional payouts for AID's claims.
The reality is, AID's, HIV and the like make up such a small volume of the total portfolio, combined with new screening methods and new AID's/HIV treatment that it is a non-issue.
If suddenly this kind of thing becomes a major portion of the senior life market (highly unlikely) then the carriers will react by raising rates, scrutinizing ownership of policies as well as beneficiaries, and so forth.
Until then, the impact on the actuarial assumptions is nil.
But who is paying the prem.....and who is the main beneficiary....a nigerian bank.....that could be a problem......it seems that you are turning old people into a marketable commodity...yea Mary don't listen to me....I have never made a dime off you and saved you some headaches on the NAA deal......
The senior can designate whoever they want as a beneficiary. That's a key distinction many of you are missing. This isn't like the church scheme where they had to make the church a bene. It is completely up to the senior, just the same as if they purchased a $15K policy.
"Hello, how many 80 year olds are going to live to 100? It is for 65-85 year olds and the average lifespan for that group is 84 months. Now do the math with an investor and 100 clients. Do the math for an investor where the client dies in the first year. That is an amazing return on his money. Probably several hundred percent in fact. If it is an average of 7 years, the investor would easily profit 15, 20% plus. The investors are not going to make this move without understanding ALL THE RISKS."
BINGO!!! And the insurance companies know that and are not going to make the deal if they lose money!
WOOF! WOOF! A dog with fleas. Don't be duped! Pat gave us some of the facts, but left out (conveniently) others.
See Mel's post and it will make sense to you.
And, like the investors the insurance companies are going to do their math as well. Just because you don't understand it, doesn't make it a dog with fleas. They obviously know something that you and I don't. You would make a good analyst on one of the many speculation programs on ESPN. Let this thing unfold and then it will speak for itself. You are not going to stop it anyway.
We have some large FMO friends that talked directly to the big guy and when pressed he told them he is NOT releasing the name of the company, it is an A+ company, it is NOT approved in any state, it is NOT even being filed in any state until he has 100,000 agents!
So... was this just a big scam? $10 X 100,000 is $1,000,000
After they get 100,000 agents are they just going to come back and tell everyone... sorry, we tried to get it approved and it did not work? I mean, who is going to go after him for $10?
Wouldn't an A+ company already have 100,000 agents?
Well, I wanted to post this... no reason for anyone else to get suckered into buying this man another Bentley. $1,000,000 for a couple months work is not a bad paycheck!
Come on guys....if this is a legit deal....all insurance co's would be players as well as all banks.......not just one ins. co. that is kept secret....man give me a break.....
I really think that you have hit the nail on the head.
Chumps,
This dog not only has fleas, it has ticks, the mange, the runs and who knows what else.
"This is positively your last chance to send your $5.00 to: (address) Cash only please."
Several years ago an ad similar to this ran in newspapers. Thousands of people sent their $5.00 in so they wouldn't miss out. They didn't have a clue what it was but they still sent $5.00.
The people who ran the ad went to prison.
We have a clue and there are still agents here that are trying to get us to send in our $10.00. I'm surprised they aren't requesting cash.
Don't they understand that even though a lot of us were born at night, it wasn't last night!
I would be willing to place a sizable bet that some of those supporting this are posting under different names from several different computers. It could be Ali himself or his agent. They are pushing way too hard to just be "doing us a favor".
If this turns out to be legit, and is approved by the DOI in all 50 states and is in the best interest of seniors and not the scam artists I will give a copy of YIO to anyone who is currently a registered member of this board. Sorry, only one copy to those who have registered under different names on several different computers.
Sam, is there any way of saving a list of current registered members?
If I do that, what are all of you who are claiming that this is the greatest thing since sliced bread going to do if it is a scam? How about each of you sending us $10.00? Any takers?
Just the possibility that a senior could get hurt in any way. I don't see it happening though either.
I'm sorry Pat, but I still do not understand when you say a senior 'getting hurt?' How so? Is it because the product did not deliver adequately upon death ( meaning paying the death benefit to a beneficiary) or are you referring to something entirely different here?
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