https://community.aarp.org/t5/Medicare-Insurance/Concern-about-Long-Term-Care-Insurance-from-Agua-Fria-NYLife/m-p/2568129#M9705 <P>A couple months ago I went through AARP to get a quote for long term care insurance.&nbsp; I was directed to Agua Fria Financial Group that offers a New York Life package.&nbsp; It all sounded fine until I was told that in order to go through the application and review process I would have to pay for the first month of coverage.&nbsp; I could live with that, but then I was told by the rep that "<EM>All I need to be able to email you your application is your routing and account number you want the initial premium to come out of for you Long Term Care application.</EM>"&nbsp; They would take no other form of payment.</P><P>&nbsp;</P><P>It may be a perfectly reputable firm, but I find it odd that in these days of so many seniors being defrauded by giving out their bank accounts that an AARP recommended company would require that.&nbsp; Does AARP know that Agua Fria is requiring bank account info up front, and that there is no guarantee that I would pass the review process, potentially losing the cost of a month's premium if I was rejected?</P><P>&nbsp;</P><P>&nbsp;</P><P>&nbsp;</P><P>&nbsp;</P> Wed, 04 Sep 2024 14:47:14 GMT RaaMan 2024-09-04T14:47:14Z https://community.aarp.org/t5/Medicare-Insurance/Concern-about-Long-Term-Care-Insurance-from-Agua-Fria-NYLife/m-p/2568129#M9705 <P>A couple months ago I went through AARP to get a quote for long term care insurance.&nbsp; I was directed to Agua Fria Financial Group that offers a New York Life package.&nbsp; It all sounded fine until I was told that in order to go through the application and review process I would have to pay for the first month of coverage.&nbsp; I could live with that, but then I was told by the rep that "<EM>All I need to be able to email you your application is your routing and account number you want the initial premium to come out of for you Long Term Care application.</EM>"&nbsp; They would take no other form of payment.</P><P>&nbsp;</P><P>It may be a perfectly reputable firm, but I find it odd that in these days of so many seniors being defrauded by giving out their bank accounts that an AARP recommended company would require that.&nbsp; Does AARP know that Agua Fria is requiring bank account info up front, and that there is no guarantee that I would pass the review process, potentially losing the cost of a month's premium if I was rejected?</P><P>&nbsp;</P><P>&nbsp;</P><P>&nbsp;</P><P>&nbsp;</P> Wed, 04 Sep 2024 14:47:14 GMT https://community.aarp.org/t5/Medicare-Insurance/Concern-about-Long-Term-Care-Insurance-from-Agua-Fria-NYLife/m-p/2568129#M9705 RaaMan 2024-09-04T14:47:14Z