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.
1. 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.2. 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.3. 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.
insurance number london insurance number appointment online insurance number apply insurance number aetna insurance aaa number insurance admiral number social insurance number application national insurance number application insurance number brp insurance number birmingham insurance number booking insurance number bike insurance number belgium insurance number brexit insurance number bristol insurance number bedford insurance number contact insurance number check insurance number car insurance number claim insurance number co-op insurance contact number car insurance number details national insurance number dwp national insurance number driving licence national insurance number do i need apply-national-insurance-number.dwp.gov.uk ca5403 insurance number uk de vanzare national insurance number documents insurance number example insurance number email insurance number egypt insurance number esic insurance number england insurance eia number national insurance number example insurance policy number example insurance number form insurance number format insurance number finder insurance number find insurance number for 16 years old insurance number for bike insurance number for bike example insurance number for tricare insurance number gov insurance number gov uk insurance number germany insurance number generator insurance number greece insurance number gta 5 insurance group number insurance group number on card insurance number how to check insurance number hmrc insurance number humana national insurance number how to find national insurance number how to get national insurance number how to check social insurance number how to get