Colonial Penn Scam With Alex Trebek

Colonial Penn Scam With Alex Trebek | You would think that with a net worth of $50 million Alex Trebek wouldn't need to sponsor Insurance scams targeting low income people! But,  | image tagged in alex trebek,colonial penn,fraud,life insurance,celebrities | made w/ Imgflip meme maker
149 views, 4 upvotes, Made by ZacherydTaylor 5 months ago alex trebekcolonial pennfraudlife insurancecelebrities
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The more they spend on ads the less they have for claims; obvious scam!

Stupid Investment of the Week By Chuck Jaffe

https://www.marketwatch.com/story/youre-better-off-rejecting-guaranteed-acceptance-life-policy

According to the pitch letter -- which was priced for my mother because she is over 50 -- the "most popular option" is two coverage units for $13.90 per month. Pay a year at a time -- where annual payments equal 11 months' premiums -- and that's $152.90.

Clearly, that money is in, well, jeopardy.

Fine print
You're laying it out, but you will only get a "limited benefit" if you die within two years of buying the policy. Because the policy is "permanent whole life," it does build cash value, but the mailing gave no indication as to how that value is calculated and how much you can expect. It also neglected to disclose the surrender conditions, though it did point out that someone sending in the application and their first payment does so with a 30-day money-back guarantee.

Rip-Off Report Colonial Penn

https://www.ripoffreport.com/reports/colonial-penn-life-insurance/philadelphia-pennsylvania-/colonial-penn-life-insurance-stole-my-mothers-money-and-scammed-her-philadelphia-pennsy-792466
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You would think that with a net worth of $50 million Alex Trebek wouldn't need to sponsor Insurance scams targeting low income people! But, this is par for the course, for members of the ruling class; and instead of calling them out, for their scams, they get awards and pretend they're charitable, while implying anyone that points out the truth might be "rude!"
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