3 Ways Your Life Insurance Company Is Scamming You
Although it makes sense to get in touch with a life insurance company to cover your dependents in the eventuality of your untimely death, there are integrity issues surrounding the insurance companies and agents. Broadly there can be 3 ways your life insurance company is scamming you. We have enlisted them for your benefit.
Selling Coverage that you don’t need!
The insurance companies thrive on the fact that most people don’t understand their life insurance needs. With standard products, they try to sell you coverage that you might not need, but, which are lucrative for them. The insurance agents expedite the process so that you skip the fine print and sign up for a coverage that is ill-suited to your needs. The trick is to play on your fear factor and sell you heavy insurance, even if you don’t have dependents.
Coaxing you to pay ‘Cash’
We strongly suggest, do not pay your premium through cash to an agent. Further, do ensure that you get a receipt for the payment. There are numerous fraudulent entities posing as genuine insurance agencies that extract hard cash from you in lieu of insurance premium. They ask you to sign at blank spaces in a form, assuring you that it is just a formality. Once you have fallen for their trick, you are left without an insurance coverage. The worst part is that most victims only come to know of this scam, when they have met with some mishap and there is not insurance to cover them.
Luring you with benefits!
Insurance agencies and agents have a way of promising you unbelievable benefits out a life insurance policy. Life insurance agents might offer you plans, with a guarantee that the policy would run premium-free for a specific period. Some agents play it smart and offer you great discounts for signing you up for a new policy, while replacing an old policy. The trick is that the old coverage gets terminated and new coverage does not get initiated due to the cumbersome procedural bottlenecks. Thus, exposing you to risk without cover.
american income life @ pissed consumer
American Income Life Insurance Company is a carrier of supplemental insurance. American Income Life - Only one way to spell SCAM!!! Im truly sorry if im wrong but I have
Source: http://american-income-life.pissedconsumer.com/
bankers life and casualty is a scam
Bankers Life and Casualty is a scam. Speak your mind about Insurance tell you different information about your claim. There is no way to based life insurance company
Source: http://scam.com/showthread.php?t=135382
primerica life insurance company the truth about primerica
There are two ways to discover the financial stability of your life insurance company: (1) die; (2) research NOT taking your money for themselves to scam you
Source: http://www.brighthub.com/money/personal-finance/reviews/41730.aspx
the big insurance scam
no bearing on the actions you take in your life. market their services as a way to protect yourself and your ladder and see how much your insurance company protects you
Source: http://www.shawnolson.net/a/918/the_big_insurance_scam.html
american income life insurance scam or not?
as a scam in the sense that it is more of an MLM company than your regular insurance glad you don’t care that your company has the worst of all life insurance way to
Source: http://www.419legal.org/blog/2008/02/02/american-income-life-insurance-scam-or-not/?drgn=1
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