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re: How exactly do these senior life insurance sales scams work?
Posted on 6/10/19 at 10:02 pm to MontyFranklyn
Posted on 6/10/19 at 10:02 pm to MontyFranklyn
For instance, Northwest Mutual agents push LIRPs hard even when they aren't good fits
0
Posted on 6/10/19 at 10:26 pm to Yewkindewit
quote:
I could not sell insurance since it involves bullshitting people
Rule of thumb for all commodities, including insurance:
If people are beating down my door trying to sell it to me, it is shite.
If I have to beat down other peoples' door to get it, it's worth having.
Posted on 6/11/19 at 9:50 am to Spankum
quote:
quote:
they sell graded policies only.
what does this mean?.
It means that in year one of the insured dies the payout will only be the premiums paid to that point. In year two the payout will be a percentage (usually 25%-50%) of the total death benefit. After year two of the insured dies then the entire death benefit is paid.
That is sensible for some people in the right circumstances but not all.
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