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Re: [tips_and_tricks] Eric, WhoRU makes my points on US Citizenship

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  • dwissel
    Think of SSN like LLoyd s of London. Someone applies for insurance in America to insure their hands cause they are a famous piano player. LLoyd;s writes the
    Message 1 of 10 , Nov 14, 2008
      Think of SSN like LLoyd's of London. Someone applies for insurance in America to insure their hands cause they are a famous piano player. LLoyd;s writes the policy for the far away land called America. Now because the name was John Smith and there are too many John Smith's the company ASSIGNS a number. The number is ALWAYS stuck on the file folder and application. Let's say you cancel your insurance or simply haven't reached the "vested" amount to automatically guarantee a payout. Lloyd;'s says "Fine...cancelled....or fine...they stopped paying" But they keep the application, the name and number AND the file. How do they know you won't pay them again and want their services?

      The bottom line is LLoyd's has the number in some far away file cabinet on a territory you care little about....kinda like SSA does on the island of the District of Criminals.



      None of these has anything to do with an individual human withdrawing from
      the SS system by getting rid of the SSN assigned to them and having the SS
      account with their name and that number expunged from the SSA.

      These are about agreements between governments, state employees being
      withdrawn from the social security PAYMENT system (they still have their
      SSNs).
    • gary
      The analogy is not quite accurate. When you contract with LLoyd s for the insurance they issue a policy (insurance contract) and a number is assigned to that
      Message 2 of 10 , Nov 14, 2008
        The analogy is not quite accurate. When you contract with LLoyd's for the
        insurance they issue a policy (insurance contract) and a number is assigned
        to that POLICY, not your name. If you get another policy from them, it will
        have a different policy number. When you stop paying LLoyd's, they will
        terminate your policy and mark it "terminated for non-payment", if you
        cancel, they will mark the file "cancelled by insured"? Yes, they will
        probably keep it for their records but if you want the policy again, you
        will have to make application for it and a new policy will be issued and a
        new number will be assigned. You will not be allowed to just start up the
        old policy with the old number.

        The biggest difference is that with SS you cannot cancel it (that is what we
        are discussing, can you cancel the SS contract and have a check on that
        number say something like "cancelled by request"), the policy stays active
        and in force at all times. You may choose not to apply for benefits, but
        the SSA expects payments whenever you are paid unless payment to you is
        exempt (such as state employees).

        Gary

        ----- Original Message -----
        From: dwissel
        To: tips_and_tricks@yahoogroups.com
        Sent: Friday, November 14, 2008 8:51 AM
        Subject: Re: [tips_and_tricks] Eric, WhoRU makes my points on US Citizenship


        Think of SSN like LLoyd's of London. Someone applies for insurance in
        America to insure their hands cause they are a famous piano player. LLoyd;s
        writes the policy for the far away land called America. Now because the name
        was John Smith and there are too many John Smith's the company ASSIGNS a
        number. The number is ALWAYS stuck on the file folder and application. Let's
        say you cancel your insurance or simply haven't reached the "vested" amount
        to automatically guarantee a payout. Lloyd;'s says "Fine...cancelled....or
        fine...they stopped paying" But they keep the application, the name and
        number AND the file. How do they know you won't pay them again and want
        their services?

        The bottom line is LLoyd's has the number in some far away file cabinet on a
        territory you care little about....kinda like SSA does on the island of the
        District of Criminals.
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