| Which Tactics Evade Illinois Life Insurance Scams? |
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| Written by Holly Bentz | |||
| Wednesday, 02 June 2010 16:22 | |||
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Dating back to 2008, a surge in consumer scams foretells a presage. Across the state and among local municipalities, reports are inundating agencies regarding consumer fraud cases, associated Illinois life insurance and Illinois medical insurance. For the most part, unscrupulous insurance professional are selling fake health plans (such as ObamaCare) or are making off with consumers' funds for Illinois life insurance.
Dating back to 2008, a surge in consumer scams foretells a presage. Across the state and among local municipalities, reports are inundating agencies regarding consumer fraud cases, associated Illinois life insurance and Illinois medical insurance. For the most part, unscrupulous insurance professional are selling fake health plans (such as ObamaCare) or are making off with consumers' funds for Illinois life insurance. The Schmidts of In Gurnee, Illinois were bamboozled out of a life savings with a value of a half million dollars by a broker, who was married to a family member. The payments and deposits never reached the policyholders' accounts. Other life insurance misappropriations, investigators discovered that some licensed brokers were writing spurious life insurance policies and claiming the benefits. The proceeding bulleted items describe techniques to avoid being bamboozled into a fake Illinois life insurance policy or health plan scam: Regardless, if is for an Illinois medical insurance plan or for an Illinois life insurance, policy the primary upshot to finding an agent, who represents a slew of leading corporation is the ability to compare benefits and abbreviate the time it would normally require 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." * 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 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. About the Author: 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.
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