[Tim]

My credit union always offers me;
“good news! Your $2,000 no-cost Accidental Death & Dismemberment coverage, courtesy of (Credit Union)”

Should I sign up or is the offer a trojan horse.

[Scott]

It’s a lead in for you to meet with an “advisor” who will try to sell you a whole life(or some other name) policy.

It’s like what I tell people about timeshare presentations;
If you can say no, enjoy the free stuff!

[Stacy]

I heard about a guy who was too old to qualify for life insurance but wanted to leave his wife something so he opened a ton of bank accounts and signed up for the free small insurance coverage with each of them.

[Kristina]

I’ve always accepted these small policies and stowed the paper about it in my filing cabinet.

Typically you just fill out a form. Accept the free insurance and don’t select any of the additional coverage that comes with a cost.

I’ve never had anyone call me back trying to sell me on the added coverages.

[Elle]

I think they see it as a foot in the door to sell you more, but as long as you can say no why not take the free coverage?

[John]

It’s only spam if you have no pre-existing business relationship with you. Once you sign up, it’s no longer spam — so they can spam you to their heart’s content!

To me, it’s just too much PITA for that marginal insurance.

[Crystal]

Yes. I was skeptical at first too but it’s really free life insurance.

[Matt]

Is $2,000 going to be helpful to your family if you’re dead or dismembered?

I’m not sure how that low amount of coverage is “good news”

[Melody]

Yes.
Sign up for it.

You aren’t obligated to buy anything else

[Aaron]

Not worth the hassle IMO. This isn’t going to materially help your family in the unlikely event that you die accidentally.

[Becky]

We take the free coverage. They send an offer like monthly trying to sell more but I just toss those

[Author]

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