Not your usual post... But please read it!

deuxmachinax · 10-27-2008, 01:42 PM

Got some good news!!! (for me and my family at least... for now)

Me and my grandmother found a mini-solution for the current financial crisis. And I'm here only to spread the good news, and if anyone is interested I can give you all the info.

We worked with a company who opened up a Life Insurance Policy under my grandmother's name for $5 million dollars and sold it immediately to an Insurance Resale company and gave her 9% of the face value. ($450,000.00)

That's the gist of the story. Obviously when they were initially talking to us we were skeptical, and it didn't help that the whole process took 7 weeks. But it finally paid off this morning.

And we didn't pay a single penny. All my grandma had to do was to get a free medical exam from one of the nurses of the insurance company.

0% risk and all that. God bless America!

*The company is actually out there to help elderly who lost retirement money due to our financial crisis*

They also provided me with all the paperwork concerning legalities and was glad to speak with my lawyer before I agreed to start the process.

Btw, 450k went to my grandma, 20k to me for the referral. That 20k is going to get me a case of Hot Prospects! (And I hope my grandma cuts me a bit too... even 5% will be sweet. lol.)

That was long... Thanks for reading. I want to get this out there!

w0000000000000000000000000000000000000000000000000000t! Going to the LCS with money to blow is the best feeling in the world!!!

otmack2o · 10-27-2008, 02:06 PM

So, your grandmother doesn't have to make payments on the life insurance policy?

deuxmachinax · 10-27-2008, 02:18 PM

Quote:

Originally Posted by otmack2o

So, your grandmother doesn't have to make payments on the life insurance policy?

It's covered by the funding company. Got our compensation, looks like her policy was bought by Liberty Mutual, so they'll be making the payments for us.

otmack2o · 10-27-2008, 02:26 PM

Quote:

Originally Posted by deuxmachinax

It's covered by the funding company. Got our compensation, looks like her policy was bought by Liberty Mutual, so they'll be making the payments for us.

Hmmm, not to sound morbid, but who collects if the policy needs to be used?

deuxmachinax · 10-27-2008, 02:32 PM

Well, God forbid anything bad happens,

but for the next 60 days the beneficiary is my father, but any time after that it's going to be the investor, which in our case is Liberty Mutual.

stumpfreeman · 10-27-2008, 08:10 PM

So basically now, the big wigs are interested in crashing the insurance industry. If enough people do this......I think my head is going to explode!!

alexc · 10-27-2008, 08:13 PM

Nothing is free!

10-27-2008, 01:42 PM	#1 (permalink)
deuxmachinax Member Join Date: Mar 2008 Location: Los Angeles, CA Posts: 524 iTrader: (8 / 100%) gedeux333	Not your usual post... But please read it! Got some good news!!! (for me and my family at least... for now) Me and my grandmother found a mini-solution for the current financial crisis. And I'm here only to spread the good news, and if anyone is interested I can give you all the info. We worked with a company who opened up a Life Insurance Policy under my grandmother's name for $5 million dollars and sold it immediately to an Insurance Resale company and gave her 9% of the face value. ($450,000.00) That's the gist of the story. Obviously when they were initially talking to us we were skeptical, and it didn't help that the whole process took 7 weeks. But it finally paid off this morning. And we didn't pay a single penny. All my grandma had to do was to get a free medical exam from one of the nurses of the insurance company. 0% risk and all that. God bless America! The company is actually out there to help elderly who lost retirement money due to our financial crisis They also provided me with all the paperwork concerning legalities and was glad to speak with my lawyer before I agreed to start the process. Btw, 450k went to my grandma, 20k to me for the referral. That 20k is going to get me a case of Hot Prospects! (And I hope my grandma cuts me a bit too... even 5% will be sweet. lol.) That was long... Thanks for reading. I want to get this out there! w0000000000000000000000000000000000000000000000000000t! Going to the LCS with money to blow is the best feeling in the world!!! __________________ Collecting Kobe, CP3, Dwight Howard and Brandon Roy + Patch cards of any superstars! Check my bucket, all always FS or FT. smg.photobucket.com/albums/v248/gedeux Last edited by pat_blowoutcards : 10-27-2008 at 01:51 PM.

10-27-2008, 02:06 PM	#2 (permalink)
otmack2o Member Join Date: Jul 2007 Location: MI Posts: 2,606 iTrader: (48 / 100%)	So, your grandmother doesn't have to make payments on the life insurance policy? __________________ Currently Buying Cards of: Rick Porcello, Michael Stanton, Derek Holland, Rodney Stuckey Need cards? Checkoutmycards.com/users/2_t_2

10-27-2008, 02:32 PM	#5 (permalink)
deuxmachinax Member Join Date: Mar 2008 Location: Los Angeles, CA Posts: 524 iTrader: (8 / 100%) gedeux333	Well, God forbid anything bad happens, but for the next 60 days the beneficiary is my father, but any time after that it's going to be the investor, which in our case is Liberty Mutual. __________________ Collecting Kobe, CP3, Dwight Howard and Brandon Roy + Patch cards of any superstars! Check my bucket, all always FS or FT. smg.photobucket.com/albums/v248/gedeux

10-27-2008, 08:10 PM	#6 (permalink)
stumpfreeman Member Join Date: Jan 2008 Location: Minnesota Posts: 109 iTrader: (13 / 100%) cantankorous	So basically now, the big wigs are interested in crashing the insurance industry. If enough people do this......I think my head is going to explode!! __________________ Check out my photobucket by searching for Stumpfreeman at Photobucket.com.

10-27-2008, 08:13 PM	#7 (permalink)
alexc Member Join Date: Aug 2007 Posts: 276 iTrader: (16 / 100%) greatballcards	Nothing is free! __________________ Looking for Falcons, Panthers, and Clemson players. checkoutmycards.com/Users/alexc5150

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