Over the course of the last two years, a surge in consumer scams portends presage. State and local governments have been inundated with reports pertaining to Illinois life insurance and Illinois medical insurance fraud. In most cases, illicit insurance agents abscond consumers’ investments for Illinois life insurance or sell fictitious health plans (such as ObamaCare).
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 bulleted items, below illustrate techniques to preclude being the next victim to an Illinois life insurance policy or health plan bamboozlement:
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.
Although consulting an insurance advisor affords convenience, three tactics lower the probability of being swindled. 1) Verify that the broker is licensed to present Illinois medical insurance quotes or sell Illinois life insurance. 2) Contact the Illinois Securities Department, Attorney General’s Office and / or Illinois Department of Insurance the to ascertain if the agent has any previous complaints. 3) Also, conduct a fast background check, using Google, entering the agent’s name followed by a comma, and the following other keywords: “complaints,” “scam,” “fraud.”
* If an agent recommends inflating income or net worth so that the beneficiary can obtain an Illinois life insurance policy to claim a better inheritance, report the incident to 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.
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