Avoid Being a Victim of Life Insurance Fraud Pt. 2

Life insurance fraud is an unpleasant experience. Consumers across the country are frequently targeted. Last week, we provided four ways you can help avoid life insurance fraud.  But there are more.

Here are three more ways that you and your family can avoid being victimized by an unethical company or agent.

Shop around

Just like all policies aren’t created the same, all life insurance companies aren’t created the same. Asking for various quotes can help you save money in the long run.  You may also find an agent that is offering you a less expensive policy that suits your needs and lifestyle much better than someone who was providing less coverage for more money. Protect your family and your pockets by browsing around before committing to a policy.

Get proof of payment

When it comes to premiums, cash should not be an option. If your agent asks you to pay in cash, this is a major red flag.  Always pay the insurance company directly through a traceable account, and never make a payment to an individual. If no one provides you with a receipt, request one.  If you have a problem receiving one, you should contact your card provider immediately, and cancel the payment.

Find an expert who you’re comfortable with

Your statement isn’t the only thing that needs to be reviewed—your policy requires regular checks as well. Laws, as well as company policies, change.  The conditions of the insurance policy you agreed to could change without your knowledge. That’s why it’s essential to have a professional review your policy often.  They will make the necessary recommendations to get you the right coverage. A life insurance expert can also identify fraudulent discrepancies with your policy that could hurt you and your family in the future.

Life insurance is an investment in your family’s future.  We want to make sure you receive the best of the best in terms of coverage.  Going through this process can be rewarding. We are equipped with the knowledge and resources to help you get an affordable plan with ease. We can guide you on how to improve your rates, and you can rest easy knowing you’ve chosen the best policy. We can also review your current policies together to be sure they’re really going to do what you need them to do.

The insurance world can be difficult to navigate. Without a clear understanding of their current plan, it’s difficult to be certain that your clients have the right coverage. If you’d like to take a closer look, you’ve come to the right place. We can answer your life insurance questions and provide the clarity you need to sleep easy. Learn more about our services or join our newsletter today. To contact us, click here.

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