In Gurnee, Illinois the Schmidts were scammed out of a life savings, totaling a half million dollars by a broker, who was married to a family member. The funds never reached the consumer's accounts. In other life insurance fraud cases, investigators learned that licensed agents were creating bogus life insurance policies and cashing in on the policies.
The following bulleted items reference tactics to skirt the chances of falling prey to an Illinois life insurance policy or health plan scam:
Whether, it's for an Illinois life insurance policy or for Illinois medical insurance, the underlying advantage for selecting an agent, representing several different companies is the ability to compare quotes and expedite the time it would take to shop around for Illinois life insurance quotes or to compare viable Illinois medical insurance plans.
Regardless of the timesaving, threes techniques alleviate the chances of being duped by an insurance advisor. 1) Verify that the agent's is license is current and valid to sell Illinois life insurance or provide Illinois medical insurance quotes. 2) Confirm professional ethics with the Illinois Department of Insurance, Illinois Securities Department and the Attorney General's Office to ascertain whether the agent has any outstanding complaints. 3) Conduct-a background check via Google. Simply, input the agent's name followed by a comma, and the following other keywords: "fraud," complaints," "scam."
* If an agent prescribes overstating net worth or income so that the beneficiary can reap a higher benefit from the Illinois life insurance policy, file a report with the Illinois Department of Insurance.
* Always post checks payable to the Illinois life insurance company and add a notation about the transaction. Never ever, sign the checks to the Illinois life insurance agent or broker providing the quotes.
* Regardless of how affordable the quote and appealing the benefits appear, always avoid any Illinois life insurance policy with "double" the returns. Although open enrollment for Illinois medical insurance has a short window of opportunity, coercive, high-pressure sales tactics are ethically inappropriate and an indication to shop elsewhere.
IllinoisLifeandHealth.com offers complementary health insurance quotes, advice and a wealth of information regarding Illinois life insurance and Illinois medical insurance. Bookmark the site for the latest news, resources and no obligation quotes, online.
View this post on my blog: http://travelnursesuccess.com/how-to-purchase-illinois-life-insurance-and-other-plans-without-being-duped
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