Life insurance provides vital financial protection for your loved ones. Ensuring that cover is arranged and maintained correctly is therefore extremely important.
Unfortunately, from time-to-time fraudulent approaches relating to life insurance do occur. Being aware of how these typically present themselves can help you avoid potential problems.
Unexpected contact about your policy
You may receive a phone call or email claiming to be from your insurer, suggesting there is an issue with your policy or requesting confirmation of personal details.
Genuine insurers will not pressure you into providing sensitive information unexpectedly. If you are unsure, end the call and contact the firm directly using contact details from their official website.
Notification of an unknown payout
Occasionally, individuals receive emails suggesting they are the beneficiary of a life insurance policy taken out by someone they do not recognise.
These messages are designed to prompt you to click a link or provide personal information. If you receive unexpected correspondence of this nature, treat it with caution and avoid engaging.
A quick review with our team can help ensure your life insurance cover is properly arranged and protected.
Offers of significantly cheaper cover
Be wary of unsolicited calls or messages offering substantially lower premiums than your existing policy.
In some cases, fraudulent operators set up convincing but unauthorised websites or arrangements. Premiums may be collected, but no valid cover exists.
Always check that any firm offering insurance advice or products is authorised by the Financial Conduct Authority (FCA). You can verify this on the FCA Register. See the following link to the FCA register Register Home Page.
Practical steps to help protect yourself
- Do not share personal information in response to unexpected calls or emails
- Avoid clicking links in unsolicited messages
- Contact providers using verified contact details
- Take your time as legitimate firms will not pressure you
If something feels unusual, pause and verify.
Arranging cover you can rely on
Life insurance is too important to leave to chance.
Working with a regulated adviser helps ensure that cover is arranged with established insurers and structured appropriately for your needs and objectives
If you would like to review your existing protection or discuss putting cover in place, please speak to our team today.
This article is intended for general guidance only and is based on the opinion of Continuum it does not constitute financial advice. Individual circumstances vary, and you should consider seeking advice from a regulated financial adviser before making any decisions about your protection planning.
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