Fraud is intentional deception for personal gain, and it’s estimated to cost the insurance industry tens of billions annually. According to the FBI, that means the average family pays up to $700 more in yearly premiums to offset the cost. What are the most common...
Insurance comes in all shapes, sizes, prices, and coverages. Policy providers use complex mathematical formulas to determine how likely various accidents are likely to happen, charge everyone seeking a certain type of policy monthly premiums based on how statistically...
Last month I wrote an article on three examples of what you shouldn’t do with a life insurance policy: commit fraud. It’s incredibly important to remember that life insurance policies are taken very seriously, and if you are found to be “tricking the system” in any...
