The North American Senior Benefits $5 Check is a program that has caused confusion for seniors and baby boomers across the United States.
While the check is real, seniors have fallen victim to not understanding what they were signing up for if they cash the $5.
Here, we’ll explore North American Senior Benefits from an objective point of view, look at reviews, ratings and alternatives so that you can make an informed decision about whether or not their $5 check service is right for you.
Table of Contents:
- Overview of North American Senior Benefits
- What is the North American Senior Benefits $5 Check?
- Complaints about North American Senior Benefits
- Alternatives to North American Senior Benefits $5 Check
- Frequently Asked Questions
- Next Steps
Overview of North American Senior Benefits
North American Senior Benefits (NASB) is a marketing and insurance brokerage firm that specializes in offering guaranteed issue policies to seniors and baby boomers. Founded in 2015, the company is based out of Lawrenceville, Georgia.
NASB also works with life insurance agents who specialize in selling life insurance to the senior citizen population.
What is the North American Senior Benefits $5 Check?
In essence, the North American Senior Benefits (NASB) $5 Check is a marketing ploy.
The check is real. However, if you cash it, you are agreeing to be contacted by NASB about final expense life insurance.
In other words, North American Senior Benefits is using a less than straight-forward method of marketing in an attempt to gain burial insurance (final expense) life insurance clients through guaranteed issue life insurance.
Key Takeaway: North American Senior Benefits (NASB) is a marketing and life insurance brokerage firm that specializes in offering guaranteed issue policies to seniors and baby boomers. Their $5 check mailers is a marketing ploy in an attempt to gain final expense life insurance clients.
Complaints About North American Senior Benefits
While the Better Business Bureau (BBB) has given North American Senior Benefits an A+ rating, based on factors such as the length of time they have been in business and a lack of any licensing or government actions taken against them – they do have published complaints.
Specifically, multiple complaints are published on their $5 check marketing practices.
FRAUD ALERT $ 5 scam North American Senior Benefits. They send a live $5 check to seniors in the mail. When a senior cashes the check, as was the case with my consumer, it gives them permission to contact them about the services they provide. North American Senior Life Benefits.
– NASB complaint on BBB
While North American Senior Benefits has a strong rating with the BBB, it’s clear their marketing practices need to be reevaluated.
Alternatives to North American Senior Benefits $5 Check
Seniors and baby boomers have a variety of life insurance options available to them, many of which may be better suited to their needs than the North American Senior Benefits $5 Check.
When comparing different policies and providers, it’s important to consider features such as:
- Coverage amount
- Customer service
Seniors will want to be sure they have access to multiple carrier and quotes to verify they are finding coverage that best meets their needs.
Additionally, you should make sure that any policy you purchase has sufficient death benefit so your loved ones will be taken care of if something were to happen to you unexpectedly.
Finally, it is always wise to read through all fine print before signing anything so there are no surprises down the road when filing a claim or making changes on your policy later on.
Look to top-rated guaranteed issue life insurance companies, if you are in poor health, for example – if you have a history of COPD, and do not qualify for traditional life insurance coverage.
Consider the following carriers:
When considering alternatives to North American Senior Benefits $5 Check, partner up with an independent life insurance agent who will conduct a needs assessment to find the best type of coverage for your situation.
Frequently Asked Questions
Why is North American Senior Benefits sending me a check?
North American Senior Benefits is sending you a check as part of their guaranteed issue life insurance program.
It is a type of marketing they conduct. This program provides seniors, baby boomers and anyone over the age of 50 with access to life insurance coverage without having to undergo medical exams or answer health questions.
Beware. If you cash the check, you are essentially agreeing to have NASB contact you in an attempt to sell you a final expense life insurance policy.
Is North American Senior Benefits legitimate?
North American Senior Benefits is a legitimate company that specializes in providing life insurance to seniors, baby boomers and anyone over the age of 50.
They have been in business since 2015 and are accredited by the Better Business Bureau with an A+ rating.
However, they have received multiple complaints via the BBB and even local news stories about their marketing tactics in relation to the $5 check mailers.
In conclusion, North American Senior Benefits $5 Check is essentially a sneaky marketing tactic that has been reported to the Better Business Bureau and other local news outlets.
There are better options available for seniors and baby boomers who want life insurance coverage such as guaranteed issue life insurance policies.
Before making any decisions regarding life insurance coverage, be sure to research all your options thoroughly – with the help of an independent life insurance agent – so you can make an informed decision about what works best for you and your family’s needs.
Are you a senior looking for affordable life insurance coverage? Guaranteed Issue Life Insurance is the perfect solution for seniors who are unable to qualify for traditional policies.
Our online platform provides comprehensive education, quotes and reviews of all available options so that you can make an informed decision about your financial security.