As a broker agent I looked into this operation to see if it might be a good way to sell life insurance to people that just closed a mortgage. Well all I can say is that they are ripping of insurance agents and consumers alike.
First they send letters from the deeds of trust that state that they are required to fill out this form to under the heading of the mortgage company and if they do not respond they will lose the right to get a mortgage protection plan (life insurance) with out taking a medical exam and if you do have to take an exam it could cost more. Then they hire green people of monster.com and get them licensed (alot like Primerica) and send these guys out to collect the non~med policies and charge them $13 to $22 for the leads they write and do not write as well as giving the agent a lower than usual commission with only 2 to 3 companys.
If you do get a letter from what you think is the mortgage company you might want to call your mortgage co. And ask if they sent it to you as well as when shopping mortgage protection plans (life insurance) you might want to get other rates from 5 to 10 diffrent companys to make sure you are getting all your options on protecting your family.
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