Profile image
Story Views

Last Hour:
Last 24 Hours:

Desperate Agent Tricks

Tuesday, April 4, 2017 11:58
% of readers think this story is Fact. Add your two cents.

(Before It's News)

I often get raised eyebrows when I mention to folks that one of my group clients is a local cemetery (the folks in the front office). But that’s really mild compared to the (alleged) antics of Durham (NC) insurance agent Monica Jubert:

A Durham woman is accused of signing people up for life insurance – even one woman who was already dead – without their knowledge

[ed: how do they know the dead woman had no knowledge of the sale?]

In all, she appears to have pocketed just shy of $20,000 in commissions on 16 policies. I can sort of see how this could happen: with smaller face amounts on younger people, applications are typically “non-medical,” requiring only the signed form and the first month’s premium.

In typical MSM fashion, the reporter can’t be bothered to make a simple phone call to confirm this. And of course we can’t have him learning that the $20 grand is likely the result of “annualizing” the premium: companies will often pay an agent a full year’s commission based on a single month’s actual premium.

I really don’t understand how she thought she could sustain the ruse, though: at some point, that second month’s premium would come due….

[Hat Tip: Co-Blogger Bob V]

Original content copyright © InsureBlog


Report abuse


Your Comments
Question   Razz  Sad   Evil  Exclaim  Smile  Redface  Biggrin  Surprised  Eek   Confused   Cool  LOL   Mad   Twisted  Rolleyes   Wink  Idea  Arrow  Neutral  Cry   Mr. Green

Top Stories
Recent Stories



Email this story
Email this story

If you really want to ban this commenter, please write down the reason:

If you really want to disable all recommended stories, click on OK button. After that, you will be redirect to your options page.