Life insurance policy or annuity investments are not nightmares! Is it so? With crooks preying on the elderly, no area of insurance is immune. Be wary of crafty insurance agents and companies who can fleece you.
That being said, complaints raised about any life insurance company don't just belong only to flat out scams. It also includes bad advice that ends up bankrupting the client meaning canvassing insurance products that are not suitable is also included, badly chosen life insurance policy will demand more commissions and will bankrupt you completely.
The potential large payout is the most tempting factor in life insurance; however it has become a tool in the hands of the unscrupulous. Here are some red flags related to life insurance you need to be aware ofIf you are being hustled to purchase junk insurance policies, beware!
Having said all that insurance fraudsters have their own missions, seeing that the volume and quality of the date they compile vary to a great extent, be on your guard as with anything related to insurance. Sometimes, it may exist in the form of annuity, there are different forms. In many cases, only after the perpetrator has skipped town with the loot, the victims are aware that they are being scammed. So, it is wise to be on your guard as you sign up for any life insurance policy, given that crooks are employing quite an impressive array of tactics.

If you are a victim of insurance scam, without any delay contact the appropriate law enforcement agencies--local, state and federal, these state departments have a fraud investigation unit that will counsel you.