Beware of Fake Insurance Companies
Posted By Administrator
The Coalition Against Insurance Fraud provides these warning to help you avoid signing up with illegal, fake insurance companies:
- very cheap premium for a wide variety of benefits
- accepts people with medical conditions that are usually rejected by other plans
- has few or no underwriting guidelines
- insurance agent approaches individuals directly, and not through an employer
- insurance company is not licensed in your state and assures you that it is exempted from securing a license
- the insurance representative uses the term “benefit” rather than “insurance”
- insurance rep does not provide clear, straight forward answers to your questions
- you’ve never heard of the insurance company
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