Good question..do credit card/banks really pay you

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PostPosted: Thu Jul 09, 2009 9:17 pm   Post subject: Good question..do credit card/banks really pay you  

When ever i go to purchase any products especially the Banking/Finance products like bank accounts, credit card etc, they list various list of benefits and most common are life insurance, airline baggage etc



Do you really get this benefits.. Especially on Life insurance, do you need to claim benefits ?



Any body can throw some light on it?

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PostPosted: Fri Jul 10, 2009 2:07 am   Post subject:   

The little side benefits to most credit cards and bank accounts have to be claimed, as there is no automatic process. Such is also the case with travel cancellation insurance, baggage, etc. You must make a claim for them to know an incident occured.



How comprehensive these plans are? I have no idea. I have never really heard of many claims involving these small types, but I know there are some great offers out there.

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PostPosted: Fri Jul 10, 2009 1:31 pm   Post subject:   

When you buy the services, you say wow... but when you need the service you forget that you had something like these offers which came free with the products

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PostPosted: Fri Jul 10, 2009 1:32 pm   Post subject:   

I did try to use once a extended warranty given by most of the cards.. and their response was pretty much good and they were straight forward willing to help u.... so i wonder i was pretty much happy about that...



but somehow i didnot then file the extended warranty as i forgot about it later Sad .

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PostPosted: Fri Jul 10, 2009 7:31 pm   Post subject:   

One of the major reasons our service was created was to assist people to keep track of the forgotten life insurance policies that come with credit cards and some banks. How many really get claimed. These small policies can really assist individuals with burial expenses.



Michael

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PostPosted: Fri Jul 10, 2009 8:32 pm   Post subject:   

Can you brief more what services you are talking about?

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PostPosted: Sat Jul 11, 2009 12:30 pm   Post subject:   

FindYourPolicy.com is a service that assists individuals in keeping track of their legacy information. We never ask for your social security number, policy numbers, account numbers or any monetary values. We only ask that you enter the company name that holds your life insurance and the bank name that where you have a safe deposit bank. All a beneficiary needs is a company name. We only give them a direction on where to start looking. We then send quarterly email reminders to your beneficiaries to remind them to go to our website so that they can always find your legacy information.

These small credit card life insurance policies will never be lost and always be claimed. Millions of dollars go unclaimed due to beneficiaries not knowing where to look and with our low risk, inexpensive, consumer protection reminder service we will be assisting many people.

Thanks for asking.



Michael

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PostPosted: Sat Jul 11, 2009 4:36 pm   Post subject:   

This is a great idea... I think its worth a pay...but still me little dizzy how much beneficial it would be

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PostPosted: Sat Jul 11, 2009 7:24 pm   Post subject:   

We've discussed the issue of Find Your Policy in the past. It's a complete waste of money because it is something that can be done for free.



In short, one pays to tell find your policy where to find the information. Find your policy sends an occasional e-mail to the beneficiary.



Instead of paying find your policy, why not just tell your beneficiaries, "This is what I have. Here is where you can find it."



Additionally, find your policy is useless unless the company is still in business when you die.

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PostPosted: Sat Jul 11, 2009 10:58 pm   Post subject:   

Hello Design360



I have personally spoken with 3 top people in 3 top life insurance companies and they frankly told me that they do not want their members to have our service. This simply tells me that they are very well aware that beneficiaries loose track of their loved ones life insurance. Right on the MIB website it clearly states that billions of dollars can be claimed from life insurance companies. How does a life insurance company know when a person stopped paying their premiums if that person has passed away or simply does not want the policy anymore. They would have to call all the beneficiaries up and ask them...which they will not do. Our service is simple and inexpensive way to assist your beneficiaries to keep track of your life insurance policies. If this is such an unnecessary service why do we get phone calls every week from people who are looking for their loved ones policies. Not everyone is as organized and this simple service assists them to do this. There will always be nay sayers and I appreciate that, but I did it to assist people and not rake them over the coals charging 2 to 300 dollars a year.

Just this week, I have been approached from a friend that was always interested in our service. They have known about us for 1 1/2 years and procrastinated on using our service. Her father passed away last week and now she is crying to me to assist her to find his 2 million dollar life policy. It is something that they discussed however they do not remember the company name. This happens more often then you think and is only recognized when it is too late.

I am sorry that the insurance expert feels our service is usless, but there are others out there that know it is very important to have.

If you have any questions about our service please feel free to send me an IM through this forum and I will be more then happy to discuss anything further with you.



Regards Michael

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PostPosted: Sun Jul 12, 2009 12:49 am   Post subject:   

Michael, we tried addressing the negative issues about your service in the past. However, instead of answering any questions, you chose to quit posting.



Question #1: If I use your service and I live longer than your company exists, haven't I thrown my money away?

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PostPosted: Sun Jul 12, 2009 12:55 am   Post subject:   

Quote:
Just this week, I have been approached from a friend that was always interested in our service. They have known about us for 1 1/2 years and procrastinated on using our service. Her father passed away last week and now she is crying to me to assist her to find his 2 million dollar life policy.




That's not a good sign when your friend wasn't willing to pay for your service. I trust that you told your friend to look through her Dad's bank records and she would most likely find this information. Alternatively, she could pay $75 to the MIB and get the info.



Also, instead of using your service, wouldn't it have been equally effective to simply write somewhere, "Dad's policy is with Prudential".
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PostPosted: Sun Jul 12, 2009 1:12 am   Post subject:   

Hello Insurance Expert,



First of all, I did not choose to quit posting I simply informed anyone that would like to have more information about our service to send me an e-mail. I was asked to do this because we are not here to promote our service just inform. If people would like more information they should e-mail me.

Secondly, We are a service that you pay for yearly. If you are concerned that we will not be around in years to come then don;t use it. You can always go back to the method that you feel works for you. "Write it down" These days you can;t even be sure that the life insurance company will be around, eventhough, if you know what you are doing, that is an easy problem to solve.

And no, our friends have no problem paying for our service but it is called procrastinatioin and that also happens with writing it down and talking about the locations of legacy information with your loved ones. Everyone wants to do it "tomorrow" and then the time comes where "tomorrow" is too late.

This service is for anyone and everyone that recognizes the need to keep this important information available to their loved ones.

Insurance Expert, if you have any other questions, please email me.



Thank you Michael

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PostPosted: Sun Jul 12, 2009 1:33 am   Post subject:   

Actually, you said to go to your site and look at the FAQ. The FAQ answered none of the legitimate concerns about your service.



The Catch 22 is that the type of person who will be proactive and use a service like yours is the exact same type of person who will find your service to be completely useless.



Why pay your company money to inform beneficiaries about important documents instead of simply letting the beneficiaries know where to find the important documents?

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PostPosted: Sun Jul 12, 2009 2:45 pm   Post subject:   

Yes I did send you to the FAQ and I also said that if you do not find the answers there to email me through the system and i will be more then happy to answer them for you.



There are many data storage companies that store information for individuals so it does not get lost. We are just a specific storage company that not only stores information but reminds the beneficiaries where to find it when the time comes. I am sorry you, and only you, find our service useless. Please feel free to write your information down and give it to your beneficiaries. This wil work if your family is organized. I am not saying that our service is for everyone but it definitely is for the individuals that would like that added security and peace of mind knowing their families are taken care of when the time comes.



Michael

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