Subject: Re: Insurance Advice

Comments:
: Excellent post from the RipOffReport: : : Your advice re: Primerica seems right on, but you mention several sources of information. All of those "primericabuster" sites are operated by Ken Young. : Young was a whole life insurance agent for many decades. That is a fact. He crusaded against A.L. Williams because they were replacing his clients' insurance with term, thoughbeit expensive term. He finally won $75,000 'shut up' money. The publicity it generated helped catapult Primerica to the numbers it soon obtained, however. In fact, at the Atlanta convention, a number of reps had an effigy figure of Ken. It gave the sales force a totally rejuvenated vigor, and launched them to sell more term than ever before. You could say that they finally had a name and face to attach to the sleazy "whole life agent" they had been hearing about. This gave them more resolve in their crusade. : You might say that Ken himself has been responsible for much of the company's growth! Would you like information from that? : Or, how about this. In one of his never-ending torrents of vitriol against Primerica, he said that according to an article he read, the company was fined $20 million by a regulatory agency (NASD). Sounds bad, right? Well, Ken made it up. There is no article, and there was no fine. He has been confronted hundreds of times about it, but refuses to admit that he made it up. In fact, if you ask him about it on "primericabuster", he will ban you. If you would like to verify yourself that there was no fine, you can look it up on NASD's website. They have a searchable database of all actions taken. : As a matter of fact, Ken used to offer to show people the article. Really, you ask? What's the catch? Well, it would cost you twenty-five thousand dollars. That is a fact. You put up $25,000, and Ken puts up $25,000. When you get the article, he takes all. : Some consumer advocate, right? : In another case, Ken gave out some incorrect information about Roth IRAs. No big deal, right? : Well, when a reputable member of a professionals' forum corrected him and referred him to an IRS publication to verify, Ken went ballistic, calling this man a "charlatan", a "fraud", and an "idiot". He never apologised to this person for saying such things! : You can see the thread for yourself at: : http://www.financial-planning.com/wwwboard13/messages/1193.html : : In recent months and years, it appears that he has become insane. He constructs these straw men out of pieces of his "advisaries" (his word for adversaries) and then attacks them brutally, even if they don't exist. Recently, he has unleased a flood of messages on various sites praising himself, using different pseudonyms. He used to berate people for using a fake name when posting. : If you do contact him, make SURE to use a fake name and e-mail address. When he learns your name, he will find out all kinds of information about you and post it on the internet. He recently announced that he would open a domain and (quote) "viciously attack" anyone who disagrees with him. He even went so far as to post someone's social security number, phone number, etc. : In one instance, he found one of his detractors' dead brother's memorial websites, and attacked it. He posted pictures of this dead man's brother all over the internet and berated him. He then made bizarre accusations that the living sibling was pretending to be a pastor thousands of miles away from where he really was, simply because they had the same name! : He has threatened to get people fired, break up their engagements, and take them to court so he could clean out their houses. He threatened one man with litigation for years until he finally said it was going to happen. The process server apparently got lost and was never heard from again. He is a bluff waiting to happen. : His behavior has gotten so bizarre over the past couple years that a website was set up to chronicle some of the most insane moments. You can visit: : http://home.satx.rr.com/pfswars/kyindex.html : to read all about him. : Please, whatever you do, get your information. But be EXTREMELY wary with this person. And take what he says with a 5-lb bag of salt. : Jason - Lansing, Michigan : U.S.A.

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