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).
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 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.
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 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.
* Make checks payable to the Illinois life insurance company with a notation about the policy. Additionally, never sign checks made payable to the agent or representative, providing the Illinois life insurance 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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