Posted by: Pfa Mlm March 19, 2016
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This company
https://www.facebook.com/PFA-Multi-Level-Marketing-Organization-226277401058077/
The PFA Seal organization is a pyramid scam. it is the way this organization pushes this product. It is offered by other companies and if you compare the cost of the product with other companies this policy will more likely be more expensive. Like any other products in this world there are pluses and minuses. The problem here is they mislead you by telling you their policy is the only one that offers this living benefit rider, but in reality most permanent insurance policy has this option. If you listen to them you will surrender your original policy that means you get the cash value. Remember your cash value is only a portion of what you contributed. That's because the other portion was to buy the insurance you had over the years. Then you put the remaining amount into this new insurance policy and immediately the actual cash value again in this new policy has been reduce. Do you know why? That's because they use that portion to pay that salesman. It's a con and this has been done to hundreds of you as you fall into their sales pitch. Basically a potion of your premium on new policies is paid PFA company in support of the so call head salesman aka CEO and their lavish life style while you're stuck with nothing except
1. lower cash value in your "new" insurance policy
2. another insurance policy that you now locked in on with no way to get your
money back unless you borrow it or you die.
Example, You contributed 5 years into your original insurance of $10K ($2K contribution per year), in the 5th year this salesman say, "hey we got this living benefit option, which if you check might be already in your old policy. So you pull out your money to buy this new policy, but wait you only get let's say $7K not the $10k you contributed. This is already being too generous because they gave $2k to the original salesman and $2k for insurance coverage for 5 years that leaves you with $6 that was part of your contribution and the $1k was gain from the $6k. Now you take this $7K and contribute to the new policy. immediately it is lower because of the annual commission paid to the salesman for him signing you to this new policy and now you only have $5k surrendered value after 5 years. This is an awesome return.
The end game, the "sales" agent got that lost portion as their commission and you get less. Rip off artist I call it.
https://www.facebook.com/PFA-Multi-Level-Marketing-Organization-226277401058077/
The PFA Seal organization is a pyramid scam. it is the way this organization pushes this product. It is offered by other companies and if you compare the cost of the product with other companies this policy will more likely be more expensive. Like any other products in this world there are pluses and minuses. The problem here is they mislead you by telling you their policy is the only one that offers this living benefit rider, but in reality most permanent insurance policy has this option. If you listen to them you will surrender your original policy that means you get the cash value. Remember your cash value is only a portion of what you contributed. That's because the other portion was to buy the insurance you had over the years. Then you put the remaining amount into this new insurance policy and immediately the actual cash value again in this new policy has been reduce. Do you know why? That's because they use that portion to pay that salesman. It's a con and this has been done to hundreds of you as you fall into their sales pitch. Basically a potion of your premium on new policies is paid PFA company in support of the so call head salesman aka CEO and their lavish life style while you're stuck with nothing except
1. lower cash value in your "new" insurance policy
2. another insurance policy that you now locked in on with no way to get your
money back unless you borrow it or you die.
Example, You contributed 5 years into your original insurance of $10K ($2K contribution per year), in the 5th year this salesman say, "hey we got this living benefit option, which if you check might be already in your old policy. So you pull out your money to buy this new policy, but wait you only get let's say $7K not the $10k you contributed. This is already being too generous because they gave $2k to the original salesman and $2k for insurance coverage for 5 years that leaves you with $6 that was part of your contribution and the $1k was gain from the $6k. Now you take this $7K and contribute to the new policy. immediately it is lower because of the annual commission paid to the salesman for him signing you to this new policy and now you only have $5k surrendered value after 5 years. This is an awesome return.
The end game, the "sales" agent got that lost portion as their commission and you get less. Rip off artist I call it.
Last edited: 19-Mar-16 07:40 PM