Insurance Agent Forum

[Markingriffin]

Originally Posted by retread

Just for the record, this thread began back in April of '07 as an attempt to recruit agents in a STOLI type scam. It has evolved into exposing the agency/agencies behind it by both parody and criticism.

What started out as "New zero premium life insurance policy" paralleled "Miracle Insurance","Miracle Ins & Financial Grp", and "The Return of the Ali". Since all these posts had substance in common, they have been merged into the present form "New zero premium life insurance policy/miracle/financial/group".

I am posting this for those who don't want to waste their time trying to figure out what's going on in the evolution of this original thread.

My question is what happend to all the money that agents gave to the IMO or managers that were trying to contract agents to this scam? A lot of them were making up an appointment fee and pocketing the money.

I saw some of them charging anywhere from 10 to 50 bucks to get contracted. Which someone put into their pockets.

That is the other scam on this.

I bet not a lot of agents are getting a refund on their appointment fees, to a company or product that never happend, because it was a scam.

[Ron Van D]

WOW! Mark just posted the 1600th reply! In thread years, that's definitely a senior citizen.

[Tina]

TAG is bringing back the Zero Premium life! Watch out

Miracle insurance has broken completely free of TAG, Ali runs Miracle insurance, Ed is running TAG. Apparently there was a fight on the playground and they're no longer friends.

SMS is only the parent company for their Humana contract (as far as I know). All of Miracle's carrier contracts are spread out with different organizations or carrier direct, because of all the problems they had when breaking away from TAG.

For those who are wondering how I get this info, I am personal friends with the "Tristan" that is mentioned in the e-mail that was posted. He is one of the VP's and a good person. I knew him before he got involved with the company. No, I do not work for Miracle, but I do have one contract for FE with them. I'm not a big fan of Ali either, but Tristan is the one running much of the day-to-day, and he has been putting procedures into place to protect agents from getting screwed like they did with TAG (like agents being paid directly from the carriers and no more reserve accounts).

As I said before, Miracle Insurance is a new company. A couple of the old VP's from when they were under TAG have been fired, new people are running the show. They are still trying to figure things out and find their new identity. I wouldn't believe their current projections about appointments, lead services, etc.... (that seems to be more positive affirmations on their part), but they are trying to run things honestly as opposed to how it was when they were under TAG. Yes, it's still an MLM, you can get better commissions if you go elsewhere, but on a strict MLM v MLM comparission, they have better commissions. I still give a wait and see on Miracle, they might be able to pull thier crap together, just don't put all your eggs in one basket.

[STIBROKER@AUSTIN.RR.COM]

If you are not getting paid directly from the carrier then there is a higher % of getting screwed.......

Originally Posted by Tina

he has been putting procedures into place to protect agents from getting screwed like they did with TAG (like agents being paid directly from the carriers and no more reserve accounts).

[Lou]

Zero Premium Life insurance is it legit,and has it been approved in Pa

[Markingriffin]

Do a search on the forum to answer your question.

My fast answer is don't touch it with a 50 foot pole.

[Lou]

Yeah thats what I figured, I heard about it before, but was allways afraid of it.

[GreenSky]

It's the best thing ever! You might was to do a forum search to read all the good news. Plan on setting aside a little time for this.

Rick

[healthagent]

For $10 I can get you a contract with Miracle Insurance.

[somarco]

For $10 I can get you a contract with Miracle Insurance.

For $20 I can get you in an association that will tell you all about $0 premium life, NAA, Mega and a lot of other stuff.

There are no dues to this association which is 50,000 strong.

If you would rather get your money's worth, I will provide a personal introduction to another association that does charge monthly dues. You can learn about $0 life, NAA, Mega and a lot of other stuff.

I do charge $50 for the personal introduction which is non-refundable.

[Thatguy]

He's the only guy in there that will answer my questions. That being said, there is only so much he can do since it is still Ali's company! Putting 1 honest person in a crowd of thieves is like feeding a child to a sharks. I've had meetings with Ali, and he is a savvy business man. I respect the fact that the guy knows how to make money, but there is only so much one is willing to do before the money comes with some hands that are too dirty. Tristan may seem to know what he's talking about and answer my questions, but I seriously doubt he can turn that company around on his own. Best he go look for a job elsewhere! You might want to talk to him about that if you are his friend.

I got an email from TAG not too long ago about Zero premium as well. I deleted it right away! Now that I think about it, I should have saved it and sent it to the insurance department. I hear that TAG is under investigation from UHC. Now that will be interesting.

[Lou]

What ever happened to this product, did it get shut down?

[midwestbroker]

Never got started...just one big scam...

[retread]

Originally Posted by somarco

For $20 I can get you in an association that will tell you all about $0 premium life, NAA, Mega and a lot of other stuff.

There are no dues to this association which is 50,000 strong.

If you would rather get your money's worth, I will provide a personal introduction to another association that does charge monthly dues. You can learn about $0 life, NAA, Mega and a lot of other stuff.

I do charge $50 for the personal introduction which is non-refundable.

But wait... there's more! If you send in just 3 payments of $33.99 I'll throw in a beautifully engraved plaque with your name on it and highlighted "Salesman of the Year"! It is made of hand-rubbed simulated walnut grain, suitable for framing! Show all your friends how sharp you are!!! Hang it on your wall in your basement office and just wait for all those clients to flock to your door! Hurry! Time is limited... this opportunity won't last... send your check today, or just hand over your credit card... better yet, your debit card, too. Make that your deed to your house... buy now and Save! Save! Save!

[beatuplunchbox]

So Tristan is running things there? Met him last Summer, thought he was full of it... Nice fellow though.

[pistol_saf]

I spent more than two hours reading this whole thread last night. Any updates?

What I mean is...did Ali get fined by any other state's DOI? Inquiring minds want to know.

[STIBROKER@AUSTIN.RR.COM]

[DJAdam]

Originally Posted by STIBROKER@AUSTIN.RR.COM

Yikes!

[JamesCoon]

The funny thing about this thread is that this product is being sold in PA and NJ. A company I work with sells it and says they make $100k plus commission on a sale and it is a win win for everyone involved except for the ins company. The reason being bc the ins company will defiantly pay out bc the investor will make sure to collect as opposed to most policies that they never get paid out bc the family doesn't know the policy exsisted. That's what I was told so far but this board has taught me to stay away.

[STIBROKER@AUSTIN.RR.COM]

Originally Posted by JamesCoon

That's what I was told so far but this board has taught me to stay away.

The thread that just keeps on giving the whole year Clark....

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