Complaint / Review
Mybenefitsamerica.com, MBA
Www., Possible Insurance Fraud

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.