Friday, 1 April 2016

False life insurance fraud




False life insurance fraud is perhaps the most sensitive kind of insurance scam, since larger frauds are often discovered only after the death of the insured. Although buyer frauds are very common, and can even lead to the murder or suicide of the insured in order to cash in their insurance, this article focuses on seller fraud, where those selling or claiming to sell insurance are involved in the fraud.
Fake websites and agents
These exist for the sole intention of obtaining an unsuspecting person's money, usually through credit cards. Websites may be made to look like those of a genuine insurance company, or may represent a completely bogus organization. These can be recognized in a variety of ways, the easiest of which is to check whether the web address starts with https:// - this is a secure site and payment information can be entered here. Often, links to fake sites will be emailed to you, so check if the email is from a public account or your insurance company's account. Furthermore, hovering the mouse pointer over a link in the email will tell you if the email was sent from the same site, and not a fake one. It is important to remember that no bank or insurance company will tell you to "renew information" through an email. If you receive such an email from your bank, verify it by calling them, and not on the number given in the email!
Fake agents are a little trickier to detect, since both real and fake ones will approach you personally and advertise policies. Thieves collect premiums and do not pass them on to the insurance company. As a general rule, verify with your company beforehand if they have any policies and whether they have sanctioned agents to collect premiums.
Ghost companies
These "companies" are really just groups of con artists operating out of a single room, who dial their targets and sell them policies, claiming to be certified or licensed. The smartest thing to do is to check with your state or national insurance department whether these companies exist. As always, do not hand over credit card information over the phone, and ask around for any news on insurance scams.
Churning
This involves selling or advertising unwanted policies with an intent to generate commissions rather than yield any genuine benefits to the customer. For example, an annuity plan that generates cash but only after 15 years is unlikely to be popular among 60-year olds. Hiding the disadvantages of this plan, which often include paying large penalties or surrender fees in order to receive payment earlier, is often involved.
Similar to churning is selling plans that over or under-cover the client, only to generate commissions for the broker. The best way to avoid this kind of fraud is to run one's account independently, without letting brokers have discretionary authority over buying policies.
Insurance companies have the services of surveillance investigators and often an in-house insurance fraud investigation unit to help them tackle buyer fraud, but you will have to get by with common sense and vigilance. There is no such thing as "extra careful" when it comes to your financial matters, especially life insurance!


Article Source: http://EzineArticles.com/9324341
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Ghost companies


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False life insurance fraud is perhaps the most sensitive kind of insurance scam, since larger frauds are often discovered only after the death of the insured. Although buyer frauds are very common, and can even lead to the murder or suicide of the insured in order to cash in their insurance, this article focuses on seller fraud, where those selling or claiming to sell insurance are involved in the fraud.
Fake websites and agents
These exist for the sole intention of obtaining an unsuspecting person's money, usually through credit cards. Websites may be made to look like those of a genuine insurance company, or may represent a completely bogus organization. These can be recognized in a variety of ways, the easiest of which is to check whether the web address starts with https:// - this is a secure site and payment information can be entered here. Often, links to fake sites will be emailed to you, so check if the email is from a public account or your insurance company's account. Furthermore, hovering the mouse pointer over a link in the email will tell you if the email was sent from the same site, and not a fake one. It is important to remember that no bank or insurance company will tell you to "renew information" through an email. If you receive such an email from your bank, verify it by calling them, and not on the number given in the email!
Fake agents are a little trickier to detect, since both real and fake ones will approach you personally and advertise policies. Thieves collect premiums and do not pass them on to the insurance company. As a general rule, verify with your company beforehand if they have any policies and whether they have sanctioned agents to collect premiums.
Ghost companies
These "companies" are really just groups of con artists operating out of a single room, who dial their targets and sell them policies, claiming to be certified or licensed. The smartest thing to do is to check with your state or national insurance department whether these companies exist. As always, do not hand over credit card information over the phone, and ask around for any news on insurance scams.
Churning
This involves selling or advertising unwanted policies with an intent to generate commissions rather than yield any genuine benefits to the customer. For example, an annuity plan that generates cash but only after 15 years is unlikely to be popular among 60-year olds. Hiding the disadvantages of this plan, which often include paying large penalties or surrender fees in order to receive payment earlier, is often involved.
Similar to churning is selling plans that over or under-cover the client, only to generate commissions for the broker. The best way to avoid this kind of fraud is to run one's account independently, without letting brokers have discretionary authority over buying policies.
Insurance companies have the services of surveillance investigators and often an in-house insurance fraud investigation unit to help them tackle buyer fraud, but you will have to get by with common sense and vigilance. There is no such thing as "extra careful" when it comes to your financial matters, especially life insurance!


Article Source: http://EzineArticles.com/9324341
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Best Ways to Start Rebuilding Your Credit

THE FIRST THING TO DO
The first thing to do is to get a free copy of your credit report. By law you're allowed annually one free copy of your credit report from the three major credit agencies: Experian, Equifax and TransUnion. It's important to get all three reports from all three agencies to compare and contrast any discrepancies such as late payments, charge offs or delinquencies.
SET ASIDE SOME TIME TO REVIEW
Now that you've gathered all the information from the credit agencies, set aside some time to figure out where you went wrong with your credit and prepare to fix it. If there are any items on your credit report that are wrong or don't look familiar, file a dispute in writing. Even errors such as misspelling of your name, social security number or address could mean your personal information is mixed up with someone else. The credit agencies are obligated to remove any errors in personal information, which will help increase your score. The most highly used credit score scale used by the largest banks and lenders is the FICO score and generally a score of 720 and above is considered good.
MONITOR YOUR CREDIT REPORT
One important factor to raising your credit score is to make sure you pay your bills on time. While this may not seem important, 35% of your FICO score is determined by your history of payments made - whether you were late or current with your obligations. During this time of repairing your credit, you should prohibit yourself from applying for any additional credit, which may lower your score. If you have any other credit cards you don't use as frequently, use them to make small purchases every few months to help grow your score and pay the bill off in full. If there are any outstanding balances from other cards stop using these cards until you pay them off even if it's the minimum amount.
SEEK A CREDIT REPAIR COMPANY
If you don't want to repair your credit on your own, you can go through a company that specializes taking care of that task for you. Many companies advertise that they're the best and can help you clean up your credit within a short period of time. It's very important to do your research on various credit repair companies to avoid getting scammed. Ask friends or family about a reputable credit repair company they may have used. Be prepared to pay associated fees with such a company.
REBUILD CREDIT
If you're afraid to delve into the credit game after getting your credit score on the right path, obtaining some type of credit is key to rebuilding and keeping your good score intact. Look into getting a secured credit card, which is fairly easy to apply for. The good thing about a secured card is you put down a security deposit and whatever purchase is made will directly debit from the card. Managing the account properly and having this card reported to the three credit agencies will help maintain a good credit rating.
Once you get the secured card, don't go on a spending spree and reach your card's limit. You may have the idea in your head that swiping the card as much as possible will improve your credit score but it may look as if you're about to max out to the credit agencies. You will want to use about 10-25% of available credit from the card to have a favorable score.
For more information on ordering your credit report go to: https://VelvetProtection.com


Article Source: http://EzineArticles.com/9288145
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Aside from choosing the correct type of policy,







Almost everything in life is uncertain and we should always prepare for any unplanned situation that might pop up. Life is uncertain, and we need to be prepared for the unexpected. In fact, the only things certain in life are taxes and death. One or both of these things are bound to happen at some point in a person's life. While taxes will always be present in every society, death can come like a thief in the night.
Sickness and death are particularly frightening as it is. Death is certain-a part of life and its certain that one day we will go back to our creator. What's really frightening though is if we are not prepared when this happens. This is the reason why every person should have a life insurance policy.
A life insurance policy can go a long way toward helping dependents who have experienced the death of a loved one. If the breadwinner of the family dies, his dependents can be left with nowhere to turn. If he has a life insurance policy, however, then his dependents will have a safety net until they can fend for themselves.
Policies can do more than serve as a lifeline for dependents after the insured dies, however. They can also help defray death-related expenses, including funeral costs and the cost of probate for the insured's will.
Some people are not as lucky as others and they will not be able to leave mansions and lands to their dependents. With this Insurance, a parent can be sure to leave an inheritance to his dependents or beneficiaries. This makes the product especially important for those who have young children-the benefits will help cover their expenses until they are able to work and fend for themselves. The amount of coverage a person should get should be based both on the number of dependents he has and the premiums he can afford on his paying capacity.
There are many things in life that the average household can live without, but life insurance should not be one of those things. The importance of this increases as the number of people in a household increases. A single person with few, if any, close relations can get by with relatively on a very little amount or perhaps no insurance at all. The same is not true for those who cannot be said for persons who have family members or other types of responsibilities.
This unique product is a way to protect your family against possible financial trouble or even ruin, depending on the circumstances. It is also a way to relieve some of the anxiety that family members may feel as they wonder how they will get by should the breadwinner in the family suddenly dies. Some forms of life insurance can even be used as a means of saving money over the long term.
There are various types of policies, and Often one type will be a far better option for a particular family or person than another might be for that same family or person. Because there are so many types of policies available, consumers need to reach out and connect with a trusted agent.
A reputable agent will normally be a state-licensed agent who carries different types of policies from different companies. There are life insurance agents, as well, who normally work for a particular insurance company and sell the products of that company. An Independent Agent can offer many different types of policies at different price points, because he or she carries more options from more sources.
Aside from choosing the correct type of policy, Consumers must also decide on the level of coverage they need. A consumer might say: "I need $10,000 worth of life insurance" but when asked to justify that amount they are at a loss to do so. Is that amount too much; is it too little? Often they simply do not know. The amount of coverage needed will vary from one family to another. It can also vary depending on where in life a person is when he or she takes out the policy. A newly married couple, young in age, will normally need less life insurance coverage than a middle-aged couple with a home mortgage and student loans that need to be paid off. Then again, a high earning young couple may need more life insurance than a middle-aged couple if the high-earning couple needs to replace one of the incomes lost through death. As you can see, coverage is dependent on many issues and aspects, some of which are hard to explore without the aid of a qualified life insurance agent.
Thanks for reading the article. If you are looking for a quote or would like to speak with an agent just click on this link to be pointed in that direction.


Article Source: http://EzineArticles.com/9272790
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6 Things Auto Insurance Hates and Auto Thieves Love




Most folks claim that their car, van, truck, RV, or motorcycle is one the most costly assets they own. Nonetheless it is relatively common for many people to simplify matters for auto thieves.

Don't make it easy for criminals to make off with your car. Steer away from common mistakes others make so that you will find your vehicle parked just where you left it.

Six Easy Ways to Make Car Thefts Less Easy

1. Never leave your vehicle while the engine is still on.

Though its common practice to warm up your car in the cold weather, resist the temptation to let it stand for even a minimum amount of time without being inside. Doing so just invites the unscrupulous thief to take it and drive off!

2. Never leave your extra car keys within your vehicle.

Auto insurance companies tell us that anyone who leaves a spare set of car keys within their vehicle offers car trespassers looking for loot an opportunity to move one step onward in their crime without problems. Providing the guy who broke into your car seeking objects of value free access gives him one more thing to steal and one more claim to make with authorities - your car!

3. Never leave valuables in obvious view.

Although we all know that leaving valuables that are inside your car easily visible is a clear no-no, there will always be the 'quick return' excuse. Don't succumb to the 'only a moment' urge. Always lock expensive items away in the trunk when you exit your vehicle. If that is not an option, make sure you conceal them as best you can so that a passerby will not be enticed to break in.

4. Never leave your Auto insurance vehicle unlocked or unsecured.

Assume that a car thief is a professional in his line of business and that he is an expert in breaking in - even through the smallest of window cracks. On the other hand, the guy who is not a pro will have no problem at all in getting into your vehicle is you leave it unlocked.

5. Never think your car is undesirable to a thief.

Even your jalopy is attractive to the car thief looking to make a few bucks from the junk yards that needs scrap metal.

6. Never stop your vigilance.

Whether your car is parked in your driveway, on the side of the road or in a mall parking lot, be mindful of your responsibility to prevent your vehicle from being stolen and thereby keeping general liability auto coverage quotes down for everyone. Follow the above rules at all times and in every circumstance.

PRIME Insurance is an A++-rated agency that has won the accolades of the industry through prestigious awards and by being appointed to do direct business with scores of the leading companies. For all forms of nationwide insurance, including NJ auto, homeowners, commercial, workers comp, bonds, life and more visit us online at http://www.primeins.com/, email us at PRIME@primeins.com or call us at 732-886-5751!





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