New state regulated life insurance program

Is the government supporting these?

These offers are in no way associated with any government agency or state-run program. All of these mailers will have a disclaimer in terms and conditions at the bottom stating that they are not associated with any government agency.

We are frequently asked, “Is there any government agency that pays you money for funeral expenses?”

“There is no federal or state benefit that offers thousands of dollars in cash for a funeral.”

The only money provided by any government agency for end-of-life expenses is $255 from Social Security.

You may be wondering… What is the significance of phrases like “state-regulated life insurance scheme to pay last expenses”?

The answer is easy. It’s an attempt to earn your trust by making you believe it’s from the government.

The fact is that most individuals naturally have a high level of faith in the government. Everyone understands that a government organization will not steal your identity or money. When you call the IRS or Social Security, you don’t hesitate to give them your SSN because you know it’s in good hands. The government is far from ideal. That is beyond doubt. However, one thing is certain: they will not attempt to defraud you in any illegal way. At the end of the day, the overall sense of government affiliation directly boosts the percentage of individuals who return the cards.

Here’s What They Mean When They Say “State Regulated”

When the words “state-controlled” appear on these cards, it’s only a wordplay.

Let us elaborate.

The federal government regulates all insurance at the state level. Any insurance firm that wants to sell an insurance product in your state must first obtain clearance from your state’s insurance department. The insurance provider must give them the product’s pricing, application, and a slew of other financial details. Once all of the product’s standards have been satisfied, the department of insurance will approve it. This is where the phrase “state-regulated” derives. Technically, it is not a lie. However, it is completely deceptive to encourage individuals to believe that your state’s government is administering and “controlling” this program. This “offer” is unknown to any level of government. It makes no difference where you live. Many of these mailings will mention your state.

They’ll make statements like

• Benefits information for North Carolina residents exclusively for 2021
• Only Mississippi residents are eligible for these benefits.
• Or, for that matter, Virginia, Texas, or any other state.

When they mail these advertising, many of them will include the name of the state to which they are mailing to further hide the fact that they are affiliated with a government entity. Just keep in mind, None of these commercials using your state’s name are endorsed or associated in any way with your state government. One more thing, these “benefits” are not limited to the state to which they are mailing. The numerous life insurance products on offer are accessible in virtually every state. It’s just another deception to make you believe it has something to do with the government (your state government to be more specific). It most certainly is not.

Is it a scam or are these mailings legitimate?

Simply explained, these mailings are not a fraud.

Are their business practices honest? No, not.

Here’s how it works:

If you return one of these, you will be besieged by insurance salespeople attempting to sell you life insurance. They will be certified insurance agents who sell life insurance. You don’t have to be concerned that they’ll take your identity or your money.