How To Purchase Illinois Life Insurance And Other Plans Without Being Duped
Chronicling that last two years, a spike in consumer fraud foreshadows foretells a new era in white-collar crime
. Throughout state and local city governments, consumer fraud cases pertaining to Illinois life insurance and Illinois medical insurance reports are inundating bureaus. Predominantly, unscrupulous insurance agents are vending fictitious health plans (such as ObamaCare) or are embezzling consumers' funds for Illinois life insurance.
The Schmidts of Gurnee, Illinois were embezzled out of their life savings of half a million dollars by an agent, who was married to their niece. Their investment never made it to the accounts. Investigators learned in another life insurance scam, that licensed agents were opening bogus life insurance policies and obtaining the benefits.
The proceeding bulleted items describe techniques to avoid being bamboozled into a fake 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.
Despite the convenience of consulting an insurance advisor, three tactics reduce the chances of being duped. 1) Confirm that the agent is licensed to sell Illinois life insurance or provide Illinois medical insurance quotes. 2) Contact the Illinois Department of Insurance and Attorney General's Office and Illinois Securities Department to determine if the agent has any pending complaints. 3) Also, conduct a quick search on Google, by entering the agent's name followed by a comma, and the following other keywords: "complaints," "fraud," "scam."
* Anytime an agent suggests inflating net worth or income so that the beneficiary can obtain higher benefit from an Illinois life insurance policy, report the case to the Illinois Department of Insurance.
* Always make checks payable to the Illinois life insurance company and add a notation regarding the policy. Also, never sign the checks over to the representative or broker, who is providing the Illinois life insurance quotes.
* In spite of the economical feasibility and attractive the benefits seem, do be tempted by any Illinois life insurance policy touted to provide "double" the returns. Even though open enrollment for Illinois medical insurance exists in condensed timeframe, high-pressure sales' and coercive tactics are ethically unacceptable and a warning sign to shop elsewhere.
by: Mike Novelli.
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