ArtsAutosBooksBusinessEducationEntertainmentFamilyFashionFoodGamesGenderHealthHolidaysHomeHubPagesPersonal FinancePetsPoliticsReligionSportsTechnologyTravel

Life insurance cons

Updated on June 20, 2016

Bait and Switch

The group most frequently targeted by this fraud is the old man retired, but that does not mean it can not happen to anyone. Dishonest agents often claim they are selling something, when to buy, in fact, something else entirely.

Never buy a policy without knowing exactly what you get. Read ALWAYS a broker you have the small print. If you are not familiar with a term, or are unsure about the meaning of a passage, ask for clarification. If the agent is not willing to give a profound answer appears or brush the question completely satisfied, you can consider getting a new agent.

Do not be afraid a friend or relative who is more familiar with insurance, if you think that they will be able to help you make better decisions must be taken.


This type of fraud is when an agent calls a client an existing contract with another “twist” to cancel the facts. The agent is another insurance agency in the rule and tries to make a new policy move by misrepresenting any information and current insurance provider and what you offer.

There are times when you where you rushed or pushed to do your insurance, what to do, but avoid situations like this. Also, never get a new policy without first closing the current. Make sure that the new policy is what you need, not what an agent should make more money.


Similar to the phrase (often seen as synonymous terms) involves striking a continuous process into a means to convince a customer to change policy. Waving insurance agents trying to get his commission from existing customers, instead of filling up on the task requires more time to find new ones.

Search agents to their commission (or their pockets) try to fill a “better” system, if it can use the new policy in reality cost their policies under the pretext of more and cover less change. This is illegal. One of the most common tactics is to ensure that it could be used that for other financial needs no additional cost, when in fact, the cash value of your prior plan will be used to pay the new policy money.

Robo Bonus

If payments on your policy, make sure your money reaches its destination. There have been numerous cases of corrupt officials pockets large quantities of premium your client, instead, the us. This scam is easy to avoid a direct deposit from your insurance company.

NEVER payments through their agents, even if you think they are trustworthy.

companies ghosts

In a time where anything and everything is done online, is this fraud a problem. Fraudsters seem to perform complex operations such as insurance providers, when in fact the company until they go missing. Insurance fraudsters are not only active on the Internet, but also directly call home.

To avoid an agreement with a “shell” tricked, always make sure that you do your research. You never have anything to do with a society that does not recognize. Check with your insurance company or the Better Business Bureau State Department to see if the company is licensed and ethics.

If you are asked to send money, recognize it as a big red flag. Any company that wants to rush a decision must be avoided. Stay away from offers that sound “too good to be true,” because it is the most likely case. Provide sensitive information such as credit card number or social security number.

shops / Stacking

So you want to be adequately covered, there is no such thing as too much coverage on your policy. Beware of agents trying to “packages” for sale. Chances are, it is parts of the whole are to have totally unnecessary for you. Do not be to convince a knowledgeable salesperson to buy something that does not really need.

The opposite of this scam is when you say you buy a “comprehensive policy” when they actually get less coverage you need.

The key to avoiding the life insurance fraud is to always know exactly what you are buying. Find an insurance and trust officers. If you think that you are a victim of a scam, do not wait until the damage is done. Confront them and bring a third party in the situation, if necessary.


    0 of 8192 characters used
    Post Comment

    No comments yet.


    This website uses cookies

    As a user in the EEA, your approval is needed on a few things. To provide a better website experience, uses cookies (and other similar technologies) and may collect, process, and share personal data. Please choose which areas of our service you consent to our doing so.

    For more information on managing or withdrawing consents and how we handle data, visit our Privacy Policy at:

    Show Details
    HubPages Device IDThis is used to identify particular browsers or devices when the access the service, and is used for security reasons.
    LoginThis is necessary to sign in to the HubPages Service.
    Google RecaptchaThis is used to prevent bots and spam. (Privacy Policy)
    AkismetThis is used to detect comment spam. (Privacy Policy)
    HubPages Google AnalyticsThis is used to provide data on traffic to our website, all personally identifyable data is anonymized. (Privacy Policy)
    HubPages Traffic PixelThis is used to collect data on traffic to articles and other pages on our site. Unless you are signed in to a HubPages account, all personally identifiable information is anonymized.
    Amazon Web ServicesThis is a cloud services platform that we used to host our service. (Privacy Policy)
    CloudflareThis is a cloud CDN service that we use to efficiently deliver files required for our service to operate such as javascript, cascading style sheets, images, and videos. (Privacy Policy)
    Google Hosted LibrariesJavascript software libraries such as jQuery are loaded at endpoints on the or domains, for performance and efficiency reasons. (Privacy Policy)
    Google Custom SearchThis is feature allows you to search the site. (Privacy Policy)
    Google MapsSome articles have Google Maps embedded in them. (Privacy Policy)
    Google ChartsThis is used to display charts and graphs on articles and the author center. (Privacy Policy)
    Google AdSense Host APIThis service allows you to sign up for or associate a Google AdSense account with HubPages, so that you can earn money from ads on your articles. No data is shared unless you engage with this feature. (Privacy Policy)
    Google YouTubeSome articles have YouTube videos embedded in them. (Privacy Policy)
    VimeoSome articles have Vimeo videos embedded in them. (Privacy Policy)
    PaypalThis is used for a registered author who enrolls in the HubPages Earnings program and requests to be paid via PayPal. No data is shared with Paypal unless you engage with this feature. (Privacy Policy)
    Facebook LoginYou can use this to streamline signing up for, or signing in to your Hubpages account. No data is shared with Facebook unless you engage with this feature. (Privacy Policy)
    MavenThis supports the Maven widget and search functionality. (Privacy Policy)
    Google AdSenseThis is an ad network. (Privacy Policy)
    Google DoubleClickGoogle provides ad serving technology and runs an ad network. (Privacy Policy)
    Index ExchangeThis is an ad network. (Privacy Policy)
    SovrnThis is an ad network. (Privacy Policy)
    Facebook AdsThis is an ad network. (Privacy Policy)
    Amazon Unified Ad MarketplaceThis is an ad network. (Privacy Policy)
    AppNexusThis is an ad network. (Privacy Policy)
    OpenxThis is an ad network. (Privacy Policy)
    Rubicon ProjectThis is an ad network. (Privacy Policy)
    TripleLiftThis is an ad network. (Privacy Policy)
    Say MediaWe partner with Say Media to deliver ad campaigns on our sites. (Privacy Policy)
    Remarketing PixelsWe may use remarketing pixels from advertising networks such as Google AdWords, Bing Ads, and Facebook in order to advertise the HubPages Service to people that have visited our sites.
    Conversion Tracking PixelsWe may use conversion tracking pixels from advertising networks such as Google AdWords, Bing Ads, and Facebook in order to identify when an advertisement has successfully resulted in the desired action, such as signing up for the HubPages Service or publishing an article on the HubPages Service.
    Author Google AnalyticsThis is used to provide traffic data and reports to the authors of articles on the HubPages Service. (Privacy Policy)
    ComscoreComScore is a media measurement and analytics company providing marketing data and analytics to enterprises, media and advertising agencies, and publishers. Non-consent will result in ComScore only processing obfuscated personal data. (Privacy Policy)
    Amazon Tracking PixelSome articles display amazon products as part of the Amazon Affiliate program, this pixel provides traffic statistics for those products (Privacy Policy)