By: admin
Online life insurance quote provider YourLifeSolution.com is offering an explanation to seniors of the dangers of utilizing stranger own life insurance arrangements and life settlements.
Many life insurance settlement scams operate under the premise of “STOLI”, or stranger owned life insurance. A senior will purchase life insurance from a provider because said provider said they will then take ownership of the policy at a later time and pay the insured for the policy. Besides the obvious reasons why many would not want a complete stranger owning life insurance on their life, there are numerous other legal issues. One involves the fact that nearly all life insurance companies forbid this practice at the time of application and to do so anyway could put you at odds with them.
The owner of YourLifeSolution.com, Eric Smith, had this to say of life settlement providers offering ...
By: admin
For Immediate Release:
Author: Eric Smith
Contact: 888.374.2764
Recently, Eric Smith, the founder of YourLifeSolution.com created a simple analysis that shows how much life insurance costs and used cigarettes as the comparison. "My thought was to show cigarettes as an amount of money and illustrate just how many of them it would take for a healthy non-smoker to purchase life insurance at various amounts on a 30 year fixed term. Even with my own bias, I found it incredible that four cigarettes a day comes at the same cost as a 30 year term policy for $1,000,000 on a healthy 30 year-old woman", said Eric Smith. The cost analysis is based on what brand name cigarettes in the city of Chicago cost as of the year 2011.
Eric Smith came up with the idea to do this basic consumer study after noticing that the ...
