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Posts Tagged ‘insurance’

  1. Mail-order ​Insurance

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    February 13, 2012 by Milton Jones

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    “Buying insurance through the mail is only slightly less risky than getting a mail-order appendectomy,” my former mentor was fond of saying. Rex Alan Smith (R.I.P), a respected New York Life agent, was viewed as a true professional. Among other things, he taught me to take a dim view of the kind of insurance that was usually sold through the mail, and these days via the Internet. “It’s not that there isn’t some good insurance sold that way,” he would point out (clearing his throat with his characteristic harrumph). “It’s just that the average buyer can’t distinguish between the junk and the good stuff.” Many things have changed in the 40 years since I heard that, but the junk is still out there. And, of course, we have the Internet and the broadcast media. One of the most common stories goes like this: “If you are over 50, and have been denied insurance, you can qualify for this guaranteed coverage from Mutual of Tupelo for only pennies a day … ” A lot of funeral expense policies are sold this way. They are perfectly legitimate, but are often a poor value. A recent example I saw was a $10,000 final expense police for a …

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  2. You Bet Your Life!

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    June 18, 2011 by wcobserver

    “Take out a life insurance policy, and you’re just gambling with the Insurance Company,” goes a cynical line of reasoning. “The company is just collecting your premium and gambling you’ll live a long time; and you, on the other hand, are betting you won’t … Who wants to bet like that?”

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