Posted: Tue Jul 31, 2007 10:02 am Post subject: doesn't sound okay!
Yeah this sounds exactly like the one which took my cousin Ruby for a ride...she stood firm in her belief that a certain body had taken responsibility of the premiums....so when the time came for the need...she didn't get anything out of her claim since other two parties involved had long got dissolved without any prior intimation! _________________ Register Now to have your Insurance queries solved.
Posted: Tue Jul 31, 2007 10:11 am Post subject: Be sure..
Hi yeah, the best way to judge the benefit of getting into such a program is to request papers that reflect the features of such a policy!
If the insurance agents or the insurer is genuine then it would be easier for you to identify the authorized signatory of such a proposal through immediate consultations with your attorney. But beware of the net crooks!
Regards, Evan
You will often come across with such advertisements on net or on flyers but it is quite difficult to probe their authenticity. They often offer very lucrative deals, which are hard to resist. But think twice before committing yourself.
However, from the advertisement only it is very difficult to comment whether it is real or scam. If you are really interested in the advertisement, check out the authenticity of the advertiser from all possible sources.
Posted: Thu Sep 13, 2007 2:17 am Post subject: i saw that ad also..
I also came across that ad and will be cheking them out. I have heard of it before and I believe it is a ligit biz if you can explain it to the clients...and you have the right clients... but I will be doing my D&D to make sure I dont get thrown in the slammer for something illigal. _________________ Register Now to have your Insurance queries solved.
My understanding is that the insurance industry is starting to wake up and if they see you submitting policies (with the intent of selling them after the window) you'll get yanked big time. _________________ Register Now to have your Insurance queries solved.
some of these programs are terrible and some are good. you have to be careful about the rules regarding selling the policy and how much of it the investor collects etc.
Premium Financing is not going anywhere. The larger investment banks are getting in on the action. For example, Bearn Stearn is rolling out a new PF program in 2008.
