mrc@panda.UUCP (Mike R. Connell) (01/15/86)
I'm looking for information on, or experience any netlander may have had, with the subject company. My story so far: I received a letter with a return address I did not recognize. Inside was a form letter signed by a not especially close friend of my wife and I. In short the letter read, "I have a friend with a great investment opportunity and I'd like you to talk with him too!". As I read this a knock came on the door. Guess who? After being assured the this was not an "Amway" type pitch (it wasn't), I let them in. I then got a tutorial on banks, investing and insurance companies. The meat of the pitch was "whole life" vs. "term"" insurances. Most everyone knows the differences, I assume. What A.L. Williams is is a company built on the "buy term and invest the difference" philosophy. Basically they take your whole life premium, spend half on term for you (ususally with mor coverage) and invest the balance in some venture (mostly mutual funds). On the surface it made sense and the math seemed right. Am I missing something? He also had articles from "Forbes" and "Saturday Evening Post" with very favorable things to say about the company. They claim that last year they surpassed Prudential to become the biggest (in sales) insurance company in the country. The second part of the spiel was to invite me to become a part time agent for them and make skads of extra cash. So that's it...is this company legit? I'll be pleased to summarize any responses Thanks much...........MRC