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3_Ways_Your_Life_Insurance_Company_Is_Scamming_You by istofautomob2

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									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.




low cost life insurance

								
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