|
We do not buy
or sell
viatical contracts
 To
Order Books
Click links
at the bottom
of the page
(not the actual cover)
   
In sympathy
with people
from 86 nations
who lost loved ones
on 9-11 | |
ABC and Life Benefit Services
 | In January 2000 four executives
of Life Benefit Services (Winter Park, Florida) were charged with fraud and dealing in
stolen property in connection with the sale of approximately $2.5 million in fraudulently
obtained policies ("clean-sheeting").
 | One of these executives is
Wanda Tappan, president of Life Benefit Services. |
| Wanda Tappan, 56, is the mother
of Anna Grinstead.
|
| Anna Grinstead, daughter of
Wanda Tappan, is CEO/COO of Accelerated Benefits Corp. |
| Both companies are located in
Winter Park - Orlando, Florida.
|
|
| Life Benefit Services
registered a domain name in 1996 but did not set up a Web site immediately.
| Instead, Life Benefit Services
used an email address that went to Accelerated Benefits Corp.'s domain (Life
Benefit@Viaticals.com).
|
| ABC's web site is
"viaticals.com."
|
| The registered owner of the
domain named "Life Benefits.com" is Accelerated Benefits Corp.
|
| The address of the domain owner
for Life Benefits.com is 1850 Lee Road, Winter Park, Florida. which, logically, is the
address of Life Benefits Services. |
| The address of the domain owner
for ABC's site is 1850 Lee Road, Winter Park, Florida. |
| 1850 Lee Road, Winter Park,
Florida was the address for Accelerated Benefits Corp. until the LaMonda Family Trust
bought the Juarez building and relocated their offices.
|
|
| The largest number of viatical
purchases made by ABC in 1999 were through Life Benefit Services, according to ABC's
report to the Florida dept. of insurance.
|
| That same report reveals that
ABC paid huge commissions to brokers -- in 7 cases paying between 9% and 10.9%.
|
| Viators whose policies were
purchased through Life Benefit Services were paid a total of $757,438. For these sales,
Life Benefits was paid $103,007: 13.59% of the amount paid to viators.
|
| To read the official
news release of charges
against Life Benefit Services, click
HERE
|
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