First Financial Security Pyramid Scheme

A pyramid scheme is a type of fraud that involves promising participants payment or services, based on the recruitment of others into the program. Pyramid schemes are illegal in many countries, including the United States. First Financial Security is a company that offers a financial pyramid scheme. This scheme allows people to make money by…

Is the Health Insurance Exam Hard

There is no one-size-fits-all answer to this question, as the difficulty of the health insurance exam varies depending on the individual’s level of knowledge and understanding of the material. However, studying thoroughly and taking practice exams can help make the exam less daunting. If you’re wondering whether the health insurance exam is hard, the answer…

Medicaid Unmarried Couple With Child

Medicaid Unmarried Couple With Child

In the United States, Medicaid is a social health care program for low-income individuals and families. The program is jointly administered by the federal government and state governments and is funded by taxpayer dollars. Eligibility for Medicaid is determined by income, asset limits, and other factors such as pregnancy or disability. Under federal law, states…

State Farm Guaranteed Renewable Endorsement

An insurance policy endorsement that makes the policy renewable at the insurer’s option regardless of any changes to the insured’s health or other underwriting factors. An endorsement is a rider or provision added to an insurance policy that alters the original terms and coverage of the policy. The State Farm Guaranteed Renewable Endorsement is an…

What Does Silac Insurance Stand for?

The Silac Insurance Company was founded in 1966 and is headquartered in New York. It provides insurance products and services to individuals and businesses in the United States. The company offers a variety of insurance products, including life, health, property and casualty, and workers’ compensation insurance. There are a lot of different insurance companies out…

Insurance Agency Producer Commission Split

An insurance agency producer commission split is the percentage of the total premium that an insurance agent or broker receives as compensation for placing coverage with an insurer. The industry standard for splits is 50/50, but some agencies offer higher splits to their producers as an incentive to place more business with them. There are…

North American Senior Benefits Pyramid Scheme

North American Senior Benefits Pyramid Scheme

A pyramid scheme is a fraudulent investment opportunity in which participants are promised unrealistic returns for recruiting additional investors. North American Senior Benefits was indicted by the US government in 2009 for operating a $1.2 billion pyramid scheme that targeted senior citizens. Victims of the scheme were promised high returns for investing in health care…