The Georgia Department of Insurance is looking into companies that are offering “zero cost” and “zero payment” “final expense insurance policies” to consumers ages 65 to 85.

A number of Georgia agents have asked the department about the offers, which have been delivered to Georgia agents through electronic mail and facsimile transmissions, Georgia officials say.

The senders of the advertisements say licensed agents and agencies located outside Georgia will send Georgia agents a fixed fee, such as $250, for each final expense policy procured, officials report.

The senders of the ads imply “that the coverage provided under the policy will be paid for by unidentified others having a beneficial interest in the remaining face amount of the insurance policy being offered,” Georgia officials report. “This coverage may also involve undisclosed premium financing arrangements.”

Most of the ad senders “fail to directly disclose the name of the insurance company providing the coverage, but indicate or imply that it has already been approved for sale in the State of Georgia,” Georgia officials report.

Georgia officials say they are trying to find out whether the solicitations directly violate any state laws or regulations relating to the sale of universal or whole life insurance products.

Georgia officials are warning Georgia agents against participating in the final expense arrangements before the department’s investigation is completed.