Complaint Review: mybenefitsamerica.com, MBA - Dallas Texas
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- Author Confirmed
- mybenefitsamerica.com, MBA 12655 N Central Expressway, Suite 320 Dallas, Texas U.S.A.
- Phone: 866--521-6605
- Web:
- Category: Insurance Agencies
Www.mybenefitsamerica.com, MBA, Possible Insurance Fraud Dallas Texas
*Author of original report: The Life Insurance Shady Details "Just sing over the policy to us, we will distribute the payout for you"
*Author of original report: The Life Insurance Shady Details "Just sing over the policy to us, we will distribute the payout for you"
*Author of original report: The Life Insurance Shady Details "Just sing over the policy to us, we will distribute the payout for you"
*Author of original report: The Life Insurance Shady Details "Just sing over the policy to us, we will distribute the payout for you"
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I want to bring attention to this company www.mybenefitsamerica.com. They have a simple and attractive discount coupon program that claims to be honored at several well-known restaurants and fast food chains.
This part could very well be legitimate. However they also offer Life Insurance. This is where things get Interesting.
They have been targeting the elderly my father being one of them.
They ask you to pay $133.00 up front. Then you have the opportunity to get this Irrevocable Life Insurance Trust (ILIT), which sounds very shady.
--------------------------------
Quoted from their site is this paragraph>>>
(A Tithe of 10% or the cost of premiums, whichever is greater, is given as a "final tithe" from the death
Benefit to a Christian non-profit organization. An additional tithe of 10% will go to your own personal
Participating church through an Endowment Trust.
One of the most valuable benefits in the history of our company, My Benefits America has been
Authorized to bring The Freedom 7 Program to our members. )
--------------------------------------
That is all the explanation that is given about the Insurance program. How odd, right...
1. First of all their web site is elementary at best.
It lacks comprehensive information about the insurance program.
You also can't find the names of the CEO or CFO or anyone that you can hold accountable if this is a scam.
2. They have sent representatives out to prey on the elderly as I witnessed my self. I was not approached by the sales person but skipped and they elderly couple next to me were approached with this pitch about affordable life insurance with medical benefits.
3. I don't care what you call these people, IBA's or Associates, or Reps, Members, Distributors etc... Its all **BS** these people are Sales people that heard the rhetoric and saw a way to make money by exploiting the elderly.
4. They claim that anyone can sell the insurance they offer since the company eventually through some legal loophole does the actual selling.
PEOPLE LETS GET TO THE BOOTOM OF THIS NEW SCAM!! DONT LET YOUR PARENTS OR GRANDPARENTS FALL VICTIM TO THESE PEOPLE.
mybenefitsamerica.com.
Chris Hernan
Coppell, Texas
U.S.A.
This report was posted on Ripoff Report on 08/13/2006 02:44 PM and is a permanent record located here: https://www.ripoffreport.com/reports/mybenefitsamericacom-mba/dallas-texas-75243/wwwmybenefitsamericacom-mba-possible-insurance-fraud-dallas-texas-205934. The posting time indicated is Arizona local time. Arizona does not observe daylight savings so the post time may be Mountain or Pacific depending on the time of year. Ripoff Report has an exclusive license to this report. It may not be copied without the written permission of Ripoff Report. READ: Foreign websites steal our content
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#4 Author of original report
The Life Insurance Shady Details "Just sing over the policy to us, we will distribute the payout for you"
AUTHOR: Chris - (U.S.A.)
SUBMITTED: Tuesday, August 15, 2006
Benefitsamerica asks that anyone interested in obtaining cheap life isurance can do so thru them. But they often pitch this to the elderly. The plan is to have the Insured sign over the rights of administration of the life isurance money. According to them www.benefitsamerica.com promises to take 10% of your insurance pay out and give it to one of their chosen charitable "Christian orginizations".
They then make you give another 10% to a charitable association of your choice. Now that you have given away 20% of the Life Isurance payout you will allegedly be able to receive the remainding 80%. Thats yet to be seen, but what a big gamble.
Why would anyone in their right mind want to purchase life insurance from these people & sign over the Rights to benefits to them. How can you trust they will pay your family anything, legaly they almost dont have to if you singned over the policy to them.
I have asked www.benefitsamerica.com if they are members of the BBB (Better Busines Bureau) or the Chamber of Commerce or any other business related reputable association.
They Replied: "No, we choose not to because we are a private organization."
Please contact your local Atorney general and put a stop to these people before the rip off someone close to you.
#3 Author of original report
The Life Insurance Shady Details "Just sing over the policy to us, we will distribute the payout for you"
AUTHOR: Chris - (U.S.A.)
SUBMITTED: Tuesday, August 15, 2006
Benefitsamerica asks that anyone interested in obtaining cheap life isurance can do so thru them. But they often pitch this to the elderly. The plan is to have the Insured sign over the rights of administration of the life isurance money. According to them www.benefitsamerica.com promises to take 10% of your insurance pay out and give it to one of their chosen charitable "Christian orginizations".
They then make you give another 10% to a charitable association of your choice. Now that you have given away 20% of the Life Isurance payout you will allegedly be able to receive the remainding 80%. Thats yet to be seen, but what a big gamble.
Why would anyone in their right mind want to purchase life insurance from these people & sign over the Rights to benefits to them. How can you trust they will pay your family anything, legaly they almost dont have to if you singned over the policy to them.
I have asked www.benefitsamerica.com if they are members of the BBB (Better Busines Bureau) or the Chamber of Commerce or any other business related reputable association.
They Replied: "No, we choose not to because we are a private organization."
Please contact your local Atorney general and put a stop to these people before the rip off someone close to you.
#2 Author of original report
The Life Insurance Shady Details "Just sing over the policy to us, we will distribute the payout for you"
AUTHOR: Chris - (U.S.A.)
SUBMITTED: Tuesday, August 15, 2006
Benefitsamerica asks that anyone interested in obtaining cheap life isurance can do so thru them. But they often pitch this to the elderly. The plan is to have the Insured sign over the rights of administration of the life isurance money. According to them www.benefitsamerica.com promises to take 10% of your insurance pay out and give it to one of their chosen charitable "Christian orginizations".
They then make you give another 10% to a charitable association of your choice. Now that you have given away 20% of the Life Isurance payout you will allegedly be able to receive the remainding 80%. Thats yet to be seen, but what a big gamble.
Why would anyone in their right mind want to purchase life insurance from these people & sign over the Rights to benefits to them. How can you trust they will pay your family anything, legaly they almost dont have to if you singned over the policy to them.
I have asked www.benefitsamerica.com if they are members of the BBB (Better Busines Bureau) or the Chamber of Commerce or any other business related reputable association.
They Replied: "No, we choose not to because we are a private organization."
Please contact your local Atorney general and put a stop to these people before the rip off someone close to you.
#1 Author of original report
The Life Insurance Shady Details "Just sing over the policy to us, we will distribute the payout for you"
AUTHOR: Chris - (U.S.A.)
SUBMITTED: Tuesday, August 15, 2006
Benefitsamerica asks that anyone interested in obtaining cheap life isurance can do so thru them. But they often pitch this to the elderly. The plan is to have the Insured sign over the rights of administration of the life isurance money. According to them www.benefitsamerica.com promises to take 10% of your insurance pay out and give it to one of their chosen charitable "Christian orginizations".
They then make you give another 10% to a charitable association of your choice. Now that you have given away 20% of the Life Isurance payout you will allegedly be able to receive the remainding 80%. Thats yet to be seen, but what a big gamble.
Why would anyone in their right mind want to purchase life insurance from these people & sign over the Rights to benefits to them. How can you trust they will pay your family anything, legaly they almost dont have to if you singned over the policy to them.
I have asked www.benefitsamerica.com if they are members of the BBB (Better Busines Bureau) or the Chamber of Commerce or any other business related reputable association.
They Replied: "No, we choose not to because we are a private organization."
Please contact your local Atorney general and put a stop to these people before the rip off someone close to you.
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