How Do You Avoid Life Insurance Scam?
• Understand that you can encounter insurance agents everywhere, on shopping malls, the Internet, even just outside your house. They can call you out of the blue and ask if you want to purchase life insurance. Not all of these people are out to scam you. • Don’t accept an agents company ID. A legitimate insurance agent in the Philippines is duly-licensed by the national government’s Insurance Commission. Don’t just accept the agent’s company ID, Verify it with the Insurance Commission. If the agent is unable to present any identification card or is not licensed, kindly ask him or her to leave. • A professional and truthful insurance agent will explain the full coverage of the insurance policy to his or her clients. He or she will be able to answer every question you ask about the insurance company he or she is working for and the policy that he or she is offering. • Understand that agents who are into life insurance scams are usually in a hurry to get you to fork over money to them. Pu
