Protecting Yourself from Fraudulent “Affordable Life Insurance

When the proper authorities have been doing everything they can to abolish the groups who targets insurance policy holders and yet it is still that rampant, it is a must that you know how you will defend yourself from being a victim. It normally starts from talking you into an affordable life insurance plan which rates are too good to be true. Your alarm bell should ring as soon as you have cross paths with the fraudsters. Here are a few tips on how you can protect yourself from them.

• Check your pay slips bank statements on a regular basis. –while you might know how much you are expecting to be deducted from your salary, it pays to visit your bank statements of all your accounts including your payroll. Insurance life premiums can be paid by automatically debiting the due premium on your bank accounts monthly if you preferred this kind of arrangement. This has an upside as you will not miss any premium even if you forgot to pay it on or before the deadline. However, insurance agents may be enticed to deduct other amount without your authorization for “additional payments.”

• Do not trust your financial adviser fully. –you may consult your financial adviser regarding which life insurance quote on line you can consider as great find but not on everything. While you have to entrust them some of your personal information, you must take great caution in doing so. This is because they can be enticed to make some irregularities on your life insurance plan especially if you are worth a lot of money. Once you suspect that there is something wrong going on, you must not bring it up with your financial adviser until he is in the clear. Otherwise, you are in for doom as he can cover up his scheme.

• Stay in contact with your carrier. –you should maintain good relationship with your carriers as they can be a great friend. Even if it is part of their duty to do everything to protect the interests of your and their party, you cannot expect everyone to watch your back. Of course, there might be only one or two person who would do fraudulent acts but it is very unlikely that they will connive to do such things unless you have made transactions with a scammer. Being in contact with your insurance company will help you remain in the know on what happens on your policy.

• Fill out ALL the boxes in your forms. –even if you are just purchasing a cheap life insurance plan, it is important that you fill out all the boxes in your forms. If there is nothing to write, you can always write a dash or Not Applicable or simply NA. Do not ever leave it blank or you will just give fraudsters an opportunity to cheat and get money from you. There is a possibility that it will be filled out by someone else and make it look like you have written it out. Of course, when you write something, you have to ensure that you understand what you are putting in the paper and what is it for.

• Dispose your important documents properly. –you have to make it a habit to dispose all necessary files especially your old insurance policies appropriately. Otherwise, you will just be enticing hoaxers all the more to have you as their next victim. This is the primary reason why shredder is invented. You have to take advantage of the technology. Those which are still of use can be stored into a safe which combination is secure or to a safety deposit box at the bank. Always keep all your documents far from possible fraudsters.

• Do not be lazy with writing your signatures. –your signature is very important as you will need it for simple to major transactions that you will engage in like purchasing a life insurance no medical exam. You cannot easily change it. It is not like your shirt that you can keep in your closet when you do not feel like wearing it. Your signature is something that can give you identification. It is only but proper to make certain that forgers will find it easy to falsify it. Do not just scribble. It is much easier to identify if a signature is forged if it contains your initials and your handwriting.

With these tips in mind, you can be certain that you will be protected from life insurance fraudsters. Help yourself by staying on the alert about such acts.

Article by David Livingston of EQuote, who is a specialist in everything life insurance. For more information on cheap life insurance rates and online life insurance, visit his site today.