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This focus on bashing one company doesn't make sense, given the facts. Any amount of research reveals that traditional companies and agents have, for at least the last 25 years, severely abused consumers. Yet, we have a small group of people focused and determined to undermine one company while ignoring the outrageously dishonest conduct of many other companies. Do a search using "lawsuits" as the search term on the insure.com website. You'll get over 450 hits, and none of them involve an action against Primerica. Yet Primerica is the target of the most scathing attacks on this message board. The attackers are all agents for traditional companies. The most common deceptive ploy traditional companies and their agents have used over the past 25 years is the "vanishing premium" deception -- Prudential, Knights of Columbus, General American, Provident Mutual, and Lincoln National are all facing, or have faced, significant lawsuits over the issue of vanishing premium misrepresentations. The list of companies engaged in that practice is much longer than the few names provided here. But that's not all traditional company agents have done: they've engaged or allegedly engaged in race-based premiums (Reliable Life), price gouging (Farmers), misrepresentation of rates (Conseco), you could go on for pages and pages. See it for yourself at http://info.insure.com/search/sitesearch.cfm?search=lawsuits Where are the critics of these companies? I notice these critics aren't posting their own company names, but dump all over one company. That shows a blind arrogance and lack of remorse for what these agents and their companies have been knowingly doing. We see some critics talking about opportunities to make tons of money in traditional companies, but it seems in traditional companies, the ones who made the most money in the past 25 years did so misrepresenting their product to consumers. In some cases, like Prudential, deceptive behavior continues to be uncovered. The one thing non-traditional company agents have gotten right every time is that the consumer has been given a good old-fashioned fleecing by traditional agents and companies. I'm not given to conspiracy theories, but it does seem as if there is an unspoken agreement among these companies agents to use one company as a scapegoat. And they chose the one company that has the cleanest public record of all. Vanishing premium? If it sounds too good to be true, it probably is. Vanashing premium turned out to be nothing more than a slick deception perpetrated on consumers by dishonest agents. Millions of Americans got googly-eyed over the vanishing premium deception, and the only thing that vanished is their premium dollars. I think it's highy hypocritical of traditional company agents to be bashing one company. Maybe they're looking to distract consumers from the real issue, which is that for 25 years now, probably longer, traditional life insurance companies have, in fact, been sticking it to their clients. In this propoganda-centered discussion, it's quite clear that those who point a finger at another company have three fingers pointing back at themselves. And the one thing that really bothers, is where is the shame? How can these agents arrogantly trumpet the flaws in their competitors while ignoring the fact that they have deceived people into putting billions of dollars into insurance company coffers? These agents and their companies do not deserve to be in business.
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