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  • Other Added - Is Zero Premium Life Insurance A Scam or a Slam?

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    o, essentially, the insured person would have a free final expense product, with enough face value to pay for a funeral and
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    What is Zero Premium Life Insurance?

    Zero premium life insurance is meant to be marketed to seniors, probably between 65 and 85 years old. It is a permanant life insurance product, probably universal life, with a face value of $50,000. Investors will pay the premiums in return for a signed agreement from the insured. The agreement will specify that upon the insured's death, the investors will get $35,000 of the death benefit, but give the insured's beneficiaries $15,000.

    So, essentially, the insured person would have a free final expense product, with enough face value to pay for a funeral and s

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    etween 65 and 85 years old. It is a permanant life insurance product, probably universal life, with a face value of $50,000. Investors will pay the premiums in return for a signed agreement from the insured. The agreement will specify that upon the insured's death, the investors will get $35,000 of the death benefit, but give the insured's beneficiaries $15,000.

    So, essentially, the insured person would have a free final expense product, with enough face value to pay for a funeral and

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    Investors will pay the premiums in return for a signed agreement from the insured. The agreement will specify that upon the insured's death, the investors will get $35,000 of the death benefit, but give the insured's beneficiaries $15,000.

    So, essentially, the insured person would have a free final expense product, with enough face value to pay for a funeral and

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    insured's death, the investors will get $35,000 of the death benefit, but give the insured's beneficiaries $15,000.

    So, essentially, the insured person would have a free final expense product, with enough face value to pay for a funeral and

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    o, essentially, the insured person would have a free final expense product, with enough face value to pay for a funeral and settle debts. Final expense insurance is a hot market for seniors, who become concerned about leaving their spouses or children with the cost of an expensive funeral. The senior citizen may also want to leave their spouse or children some money to settle debts, pay off a car, etc.

    So why is Free Life Insurance Bad?

    Well it sounds great. As an insurance agent, I would love to visit with senior citizens, especially those on fixed incomes, and offer them free life insurance! I

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