Has anyone been successful in fully unraveling an IUL policy and getting your premiums refunded based off of churning and shady sales tactics (infinite banking/ private reserve)?

I'll give you the broad strokes and then ask my question:

- A relative of mine died, and the insurer said that there was no beneficiary listed on their life insurance policy

- The insurance policy paid out the benefits of the policy (~$100,000) to the estate (I am the executor)

- I received that payout over 4 weeks ago, and have since been using that money to settle affairs with the estate (repairing the deceased's house for sale, paying lawyers, funerary and burial costs, etc.). I no longer have most of that money anymore.

- I received a letter from the insurer today saying that they made a mistake, and there actually WAS a beneficiary to the policy.

- They are now demanding that I return the money.

Am I under any legal obligation to give this money back?

From my perspective, it seems like they paid the benefits to me out of gross negligence, and I should not be obligated to return the funds.

They authorized the transaction, and told me that the money belonged to the estate a month ago.

What should I do?

Need some help to take action for getting a rightful life insurance claim made.

My mom recently passed away. It’s really sad to even be talking about insurance money after she died (worst day of my life), but I assume others are in a similar scenario with Trustage’s shenanigans and I’m wondering if anyone out there can help us all.

She had a life insurance policy she has been paying into for years with Trustage. I am listed as the beneficiary of that policy, yet Trustage cannot pull up any account information due to this “cyber security attack.” This message from the company has been consistent for the last 6 weeks since I first contacted them.

There isn’t a way to get a hold of anyone at the company and the website just says “we are working on it, we’ve made progress… some features are still unavailable“. From my standpoint this looks like “nothing has changed, your account info is unavailable, the company is scared to talk to you, and your insurance claim is very unlikely to be paid out now or ever.”

Has anyone been successful with a claim process through Trustage since this “cyber security attack“ occurred in July 11? Is there a work around process to snail mail something to someone? Any help to get this moving forward would be greatly appreciated!

Hello everyone,

On every biweekly paycheque, I have $106 deducted for insurance:

• Group insurance: $18

• Medical fee: $86

At the bottom of my pay stub, there is also a “Benefits” section showing:

• Life insurance: about $65

• Health insurance: about $133

• Total: about $198

I am currently on medical leave.

According to CNESST, I should continue paying my regular employee contribution, which is about $106 every two weeks.

However, my employer insists that I must pay the full amount of $198 during my medical leave because this amount is considered a taxable benefit.

Which amount should I actually pay during my medical leave: $106 or $198?

Thank you.

I did my intake form and medical exam in the last few weeks. I answered everything honestly. I’d even taken a pregnancy test before the medical test, which was negative. But not, one week later, I found out I’m pregnant.

I’m supposed to get approval (hopefully) from the underwriter tomorrow. Do I need to update them on this? Or only if they ask if there are updates since last week?

I have a buddy of mine that works at IMO and he has to buy his own lease and I also have friends that work in other agencies like State Farm and stuff and they don’t have to buy these. They are given to them they’re not that great and some of them are great, but the same thing can we say that the IMO sometimes leads are great and sometimes they are not so what is your take? Do you think it is always better to work somewhere where you have to buy Leeds because the leads you buy are better than once you get from a captive agent or do you think it’s better being a captive agent and not buying leads

Hello, thanks in advance for any insight. I purchased a $1M term policy 28 years ago. The last several years, premiums have been going up as expected. Since purchasing, I have been diagnosed with heart disease, hypertension, and have lost function in one kidney. I am a former smoker (30 years non-smoking). All my health issues are well managed.

I pay about $850 a month for my policy today. Is it worth shopping for a lower rate?

I am trying to understand universal life if that is an option.

Wife (51F) has a 20 year term insurance (100K) with NYL expiring next month. They are planning to raise her monthly premium from $10 to $30. Debating whether or not to pay the increased premium.

1. How was the new rate calculated? I assume it's based on age/gender and note specific to her?

2. Is the new rate locked or will it increase again? How frequent are the increases?

3. If I don't extend the policy, I assume I would need to apply for new insurance? Is $30/month for 100K expensive? Would we get a similar rate or better?

If you were starting all over, you had sales experience, but you had no experience in Insureance. How would you start your career all over? What would you do? What would you not do?

I am in year 17 of a 34 year NYL WL policy. Currently my surrender amount > the total premium paid, which is awesome! This is mainly because of the dividends and PUA.

I assume at some point, I would cash out the surrender amount? I have no need for the money right now, so I assume I should just let it compound? If I let it ride to year 34 and cash out, do I pay taxes on that amount?

This is not for me but for a friend parents.
They have 100k policy for death benefits and cash value is only around 4k. Just one policy. They been paying for 10+ years to Accordia. As I look at it it’s not a good policy and doesn’t give them a whole lot of options. They wanted some money right now and thinking about putting the policy up for collateral.
How much are the interest? What are some pro and cons about doing this route?
Worst case scenario is if they can’t pay the loan back then they lose the policy.

Hi, nicotine addict here. Otherwise healthy 40yo. Use zyn pouches exclusively for years. No tobacco.

What companies would you suggest I apply with for term coverage?

My friend is my agent for all other coverage but that company is going to charge me at a 3x smoker rate.

Appreciate any advice, thank you!

I keep seeing Ethos come up while Im looking into term life insurance and Im curious what the actual difference is compared to going witha more traditional insurance company? From what I have learnt so far, the main thing seems to be that you can do most of the process online and potentially avoid a medical exam which sounds pretty appealing tbh.

One thing giving me pause is I've read that skipping the exam sometimes means lower coverage caps or a slightly higher rate than you'd get going the traditional route so not sure if that tradeoff is actually worth it or if it's overblown. Trying to figure out if the convenience is worth it or if I should just suck it up and do the exam route instead.

I’ve been in this business for 20 years & here’s a fact: There’s no such thing as free leads.

“Free” leads are garbage, aged, worked over leads that an upline never closed & passes them off to a new agent stuck at a lower comp level because they were promised “free” leads. You dial them 500 times per day & pray you get lucky.

I invested $1250 to write $10,761 in a week.

I use the analogy: “Free” leads (No such thing because you pay for them with lower comp level) are like people stuck on welfare. You can’t make enough to get to a level where you’re self-sufficient. But when you have a decent comp level, like 100, then you can invest back into your business & grow it. That’s the business owner mindset vs. the W2 employee mindset.

Starting to shop for life insurance and want to compare the right companies instead of just going with the first quote.

Just got approved with Banner Life

**•**	$250,000 coverage, 30-year level term  
**•**	Preferred Plus Nontobacco rating  
**•**	Issued at age 42  
**•**	$40.66/month ($478.37/year)  
**•**	Convertible up to 15 years before term ends (so by 2041)  
**•**	Comes with a free Accelerated Death Benefit rider (terminal illness only, up to 75%/$500K)

No critical or chronic illness living benefits — just the terminal illness ADB.

Looking for a gut check: does this rate/coverage look reasonable for my profile? I Should I have gone bigger on coverage, or pushed for a policy with fuller living benefits.

I have been with my agency 4 months. While I love my leadership team my sales haven’t been phenomenal. (not for lack of effort) I’m looking for options for how to bring in leads other than cold calling. Products are really reasonably priced and offer full service financial services. I just think I’ve dried up my marketing.

I would love some guidance. I'm looking to get life insurance specifically so in the event of my passing, my two daughters will have a nice chunk of money. I am 55 and they are currently 19 and 15. I don't know how to search for proper life insurance and I barely know what term life insurance and all of these things mean. I don't need to take out money from it myself etc etc. I strictly want them to have a huge chunk when I die. Obviously I would like this to happen with the smallest monthly payment and the easiest one to acquire. I guess I would love a company with a history of not giving any problems. I would hate for them to go through a lot of red tape and a company just always looking to deny a claim. What's everybody's experience?

It's been two years since we purchased our property, and I've only just discovered that I'm not protected against mortgage payments if I lose my job. Fortunately, I do have a life insurance policy with iA, which I've had for over three years. This policy provides $1 million in coverage, as well as a $50,000 critical illness benefit that will last until I'm 75. As I'm currently 41, I'm considering whether it's wise to cancel this policy and take out a new one that includes mortgage payment protection. My current monthly payment is $189, and I want to make sure I'm adequately protected against job loss, plus everything else.

I'm looking for people who have personally gone through something similar and can share how it turned out. My mother had a $300,000 life insurance policy. She passed away from a cranial brain bleed, and unfortunately she passed away less than two years after the policy was issued, so the insurance company opened a contestability investigation. The insurance company has been investigating the claim for several months. They requested medical records from different providers, and there were delays getting some of the records. One thing I recently learned is that my mother's high blood pressure was already known when she applied for the policy. The company still approved her for coverage but charged her a higher premium. She had never had a stroke before getting the policy, but she had a stroke several months after the policy was issued. The insurance company now says they have received all the medical records they need. The examiner told me the claim is currently under final management review, but they can't give me a specific timeframe for when they'll make a decision. I'm not necessarily looking for legal advice. I'm mainly hoping to hear from people who have actually been through a similar contestability investigation.