| How To Buy Illinois Life Insurance And Other Plans Without Being Tricked |
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| Written by Mike Novelli |
| Thursday, 03 June 2010 16:16 |
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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 following bulleted items reference tactics to skirt the chances of falling prey to an 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. 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 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. * 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. DISCLAIMER: This article is provided as information only and is not to be taken as financial advice. IllinoisLifeandHealth.com provides 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. |