Life Settlement Fraud can take several forms. Bilking seniors by offering to negotiate a life settlement contract for a large upfront fee. Misrepresenting mortality factors to investors. High pressure telemarketing. Life insurance fraud by lying on an insurance application. All types of financial fraud and ponzi schemes are possible.
Viatical or Life Settlement scams could involve:
- Investment fraud
- High pressure telemarketing
- Financial scams
- Asking you to lie on Life Insurance application
- Senior Fraud
Don't be a victim of a Life Settlement Fraud scheme or other insurance fraud targeting seniors. Of course there will be good opportunities for the cautious, but as with any type of financial dealings there will be scams. So when some one approaches you with this great new idea, write no checks until you talk to your trusted financial advisers first.
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