Posted: Thu Oct 30, 2008 2:34 am Post subject: insurance
I live in a small town. So, there are only a few insurance agents around here. I was checking out their quotes for Life Insurance. Seems like the 'smaller' ones like to push policies that you really don't need.....i mean they try to 'push' a ZILLION dollar policy when that's what you need. I think everyone gets my point here.
Hi chargers I absolutely agree with you. However, at times it also depends upon the insurance agent with whom you are dealing with. The agent may try to push a product that will fetch him greater return.
Awareness amongst the consumers is absolutely necessary for choosing the right product. Along with the money that they are paying for the policy the consumers should also try to evaluate the benefits that they may receive from it.
You are not required to buy whatever you are offered, are you??
I'd certainly side with psrayburn on this one. State Farm is definitely not one of my favorites.
But it seems to have the best rating with the rating agencies. State Farm is rated as Aa+ with the Moody’s. also the A.M. Best has reviewed its rating of State Farm. Really, its very difficult to trust even the facts these days. _________________ Register Now to have your Insurance queries solved.
Posted: Thu Oct 30, 2008 11:06 am Post subject: insurance
There is a Nationwide in our area. I think they have great rates on their Auto Insurance, Home Insurance, etc. However....I'm not crazy about their Life Insurance policies...seems like you're paying ALOT of money for little coverage. Not ALOT of Life Insurance plans to choose from, i think.
Message me and I can work up a ballpark for you so you can compare what they are quoting.
Height/weight, age, smoker/non smoker, birthdate, health issues (meds, etc). _________________ Life moves pretty fast. If you don't stop and look around once in a while, you could miss it. - Ferris Bueller
Posted: Thu Oct 30, 2008 6:41 pm Post subject: insurance
I sure will!! When I get a chance' I'll PM ya'll. I have Auto Insurance through Nationwide. I'm just not too crazy about their Life Insurance policies.
A big law firm I work with in Fresno is currently suing Nationwide on a big life insurance fraud case. I've studied thier life insurance division and do not like them at all.
Cast-away,
I just offered my opinion regarding State Farm and that doesn't necessarily mean anything - unless we're in a court of law. _________________ Please feel free to go to my website at www.markcolbert.com or, if you have a specific question, you can email me directly. I hope I can answer any questions you might have. If not, I can certainly find an answer right away.
Nationwide Life Insurance Company
P.O. Box 182150
Columbus, OH 43218-2150
800-547-7548
Nationwide agent:
John W Pena
CA Insurance License #OC46829 (inactive)
When these policies were written, Pena worked for:
Joseph Charles and Associates
2500 North Military Trail Suite 300
Boca Raton, FL 33431
(800) 284-9995
In March 2001, Pena left this firm and went to work for
Schochet (pronounced “shocket”) Securities Inc.
433 Plaza Real
Boca Raton, FL 33432
(561) 362-9300
In or about March of 2002, Pena left the Schochet firm and went to work for
Concord Equity Group
Wealth Management
Metro Park South
100 Matawan Road
Matawan, NJ 07747
Pena, who was in the top 2% of Nationwide's salesforce, misrepresented the terms and conditions of (2) life insurance policies with annual premiums of around $2.5 mil each. There were some suitability, vanishing premium fraud, premium misdirection, and wrongful replacement issues. And the fact that he (may have) created his own policy illustrations to suit his needs.
We've suspended his license in CA and Nationwide is vehemently defending him and others in his agency. _________________ Please feel free to go to my website at www.markcolbert.com or, if you have a specific question, you can email me directly. I hope I can answer any questions you might have. If not, I can certainly find an answer right away.
Posted: Sat Nov 01, 2008 11:48 pm Post subject: insurance
Hey..INS,......you had proof of all of this? You say "we've suspended his license." Who is we? The company you work for? John Pena...that name sounds VERY familiar to me..NO KIDDING!! Nationwide is backing him up?! Mmmm.........apparently Nationwide doesn't think he did anything wrong.
I think Northwestern Mutual is one of the best life insurance companies.
I have had life insurance through Northwestern Mutual for 10 years and they pay good dividends on their policies.
Among other top life insurance companies are New York Life and Prudential. _________________ Visit http://www.term-life-online.com to learn how term life insurance works and compare free quotes today.
Hey Lori, I'm sorry, I mis-spoke on that last post. The CA State Insurance Commissioner (disclaimer: I am no longer contracted or employed by the CA DOI and have no part in any of their investigations) suspended his license based partly on information I uncovered. The company " I work for" is Mark J Colbert Enterprises. I subcontract out to law firms, some regulatory-type agencies, and individuals for a fee.
In my opinion, Pena is a bumbling fool and a con man. Although I have gathered boxes of evidence against them in this case, Nationwide is defending him. I suspect, however, that as the trial date nears and the threat of media attention increases, they'll settle. _________________ Please feel free to go to my website at www.markcolbert.com or, if you have a specific question, you can email me directly. I hope I can answer any questions you might have. If not, I can certainly find an answer right away.
