LowerMyBills.com Probably Won’t Dissolve Your Worry

All your worries gone for just $27 a month. That’s the kind of peace of mind LowerMyBills.com claims it can provide in a recent ad for a $500,000 life insurance policy:

You’ll notice on the right a smiley face above a less-smiley anecdote about how the $500,000 policy saved a wife and her two kids after the husband/father died at age 32. You’ll also notice, if you squint, a disclaimer stating that it’s unrealistic to think this would ever actually happen: “The results explained are not typical … and are provided for illustration purposes only.”

Here’s another ad from LowerMyBills.com that ran back in July 2013.

So what was the one ridiculously easy trick? We’re still not sure. You enter your information into LowerMyBills.com, and “insurance providers will contact you.” And insurance providers do contact you — someone called the office number we provided almost immediately.

But what’s the trick that’s going to cost insurance companies millions? Unless the ridiculously easy trick is to comparison shop, we still have no idea.

LowerMyBills.com’s privacy pledge notes that they may make a credit check on you, and they may share your personal and financial information — name, address, social security number, and more — with their partners. What those partners do with your information is anyone’s guess.

Something makes us uneasy about these ads. Consider staying away from this one.

This story was updated on 1/23/15.