Rising Life Insurance Premiums May Be Fraud
Life insurance fraud is one of those case types we wish didn’t exist, because that would mean hardworking folks in Arkansas aren’t being taken advantage of by life insurance companies. Unfortunately that’s not our reality.
Here’s how life insurance company fraud works.
You secure a life insurance policy to protect your family in the event of your death, and pay the premiums regularly to keep the policy active. Then one day, perhaps years down the road, you get a notice informing you that your premiums are skyrocketing, leaving you with 3 options:
- Cancel the policy.
- Pay the inflated premiums for the exact same policy.
- Forfeit the life insurance policy savings you’ve accumulated.
If you’ve received a notice that your life insurance policy premiums are going up for the same level of benefits, you may be the victim of life insurance company fraud. Give our life insurance fraud lawyers a call immediately to find out what steps you can take to protect yourself and the policy you’ve paid good money for. At Rainwater, Holt & Sexton, we’ve dedicated our careers to protecting the good people of Arkansas from greedy insurance companies, and we’re ready to do the same for you.