Title:

3 Ways Your Life Insurance Company Is Scamming You

Word Count:
348

Summary:
Although it makes sense to get in touch with a life insurance company to cover your
dependents in the eventuality of your untimely death, there are integrity issues
surrounding the insurance companies and agents.

Keywords:
online life insurance quote, life insurance

Article Body:
Although it makes sense to get in touch with a life insurance company to cover your
dependents in the eventuality of your untimely death, there are integrity issues
surrounding the insurance companies and agents. Broadly there can be 3 ways your
life insurance company is scamming you. We have enlisted them for your benefit.

Selling Coverage that you don�t need!

The insurance companies thrive on the fact that most people don�t understand their
life insurance needs. With standard products, they try to sell you coverage that
you might not need, but, which are lucrative for them. The insurance agents
expedite the process so that you skip the fine print and sign up for a coverage
that is ill-suited to your needs. The trick is to play on your fear factor and sell
you heavy insurance, even if you don�t have dependents.

Coaxing you to pay �Cash�

We strongly suggest, do not pay your premium through cash to an agent. Further, do
ensure that you get a receipt for the payment. There are numerous fraudulent
entities posing as genuine insurance agencies that extract hard cash from you in
lieu of insurance premium. They ask you to sign at blank spaces in a form, assuring
you that it is just a formality. Once you have fallen for their trick, you are left
without an insurance coverage. The worst part is that most victims only come to
know of this scam, when they have met with some mishap and there is not insurance
to cover them.

Luring you with benefits!

Insurance agencies and agents have a way of promising you unbelievable benefits out
a life insurance policy. Life insurance agents might offer you plans, with a
guarantee that the policy would run premium-free for a specific period. Some agents
play it smart and offer you great discounts for signing you up for a new policy,
while replacing an old policy. The trick is that the old coverage gets terminated
and new coverage does not get initiated due to the cumbersome procedural
bottlenecks. Thus, exposing you to risk without cover.