Monday, October 21, 2013

WELS Coven of Predators Issues Divine Call to Thrivent Insurance Salesman




http://www.wels.net/news-events/conference-presidents-meets

The COP issued a divine call to Rev. Philip Spaude of Caspar, Wyo., to serve as a Christian giving counselor for northern Minnesota, the Dakota-Montana District, and the Pacific-Northwest District. A call was also issued to Rev. Steven Staude to serve as a semi-retired part-time Christian giving counselor for parts of western Wisconsin.

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GJ - Thrivent Insurance subsidizes these supposed charitable efforts because every "Giving Counselor" is a licensed insurance agent who earns a commission from his sales.

What doe these holy men promote? Charitable Gift Annuities. By law, they cannot open their mouths to discuss the details unless they are licensed in that particular state. Fortunately, in some states, they have to be finger-printed, which may reduce the amount of riff-raff in the business.

Note that such details are entirely lacking in this PR news release. DP HateGood does not mind if others serve mammon, because it finances his deluxe vacation in the Caribbean each winter and many other unseen benefits not revealed to the poor people who support them in the name of mission.

Everyone is afraid to talk about this, because so much money is involved. The WELS golden calf will not tolerate anything less than complete obedience.

It works this way - Gramps and Grammy have plenty of equity but would like some cash flow in their senior years to pay for medical bills and buying sprees at Goodwill. They can get a good return on various annuity vehicles based on their declining years to live. They can get a greater percentage and some tax advantages because of the way the laws are set up.

When they sign the papers, it looks good, but they have given their assets away in an irrevocable trust.

They disinherit their heirs to the degree they give up assets.
They lose control of those assets.
They give the Giving Counselor a big fat commision, paid a few days later.

No annuity requires a medical, so someone can have a few days left to live and sign the contract. The annuity will go through with the receipt of the money.

The motivation to sell annuities/irrevocable trusts is great. The church organization wants the money and is the ultimate recipient. Thrivent wants to handle the money. The Giving Counselor wants the commission and a future career with a big list of deep pockets. He will continue to hold onto his insurance licenses and have a great start on a senior career, if he wishes.

Therefore, the whole program is rife with conflicts of interest:

  • An annuity may not be the best plan for any given client.
  • Thrivent is not the best financial company to use - but no choice is given to the victim customers.
  • The new insurance agent does not know much about financial planning. It would take him about five years to earn a CLU designation.
  • The synod is dying for the money, but is too greedy tell the truth.
  • Etc.