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Are some insurance companies scamming

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    Are some insurance companies scamming

    I just curious to know if we have some insurance company that plays fast one on their clients especially those that took the whole life assurance policy that the money needs to be paid to the family after their demise. Have you heard or experience any bad news of this nature or the insurance companies are always truthful with dealings with the bereaved family.

    #2
    I think it depends on what country you live in. How strict is the regulator in your country. If they are no strict regulations then insurance companies can corn you. However I also think that most people don't read the terms and conditions on insurance agreements. Off course the terms are always in very small letters which most people don't have the time or the patience to read. The courts should help here. They should make the companies explain all the terms to their clients, I think this is only fair. They is so much insurance fraud.

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      #3
      For sure I agree with the above post. It depends on their level on professionalism. A person should always make sure that they are contacting the real firm or insurer so as to avoid future scamming and wastage of money too.

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