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Beware of Life Insurance Scams

Scammers use a variety of techniques to cheat people out of their money and security. They contact unsuspecting victims in various ways that include phone, email and text. Scammers are even resorting to letters with mock logos that emulate a real company. They tell the victim there’s a problem with their policy that must be rectified immediately.

Fraudsters may even have a small amount of information about you to make the communication seem legitimate, such as their address. This information is easy to obtain online and may have been acquired during a breach of a company’s records.

Never click on a link within a text or email. Don’t answer calls from an unknown phone number. Above all else, individuals should never give out any personal or financial information in a communication they didn’t initiate.


The scammer will say the victim is named as the beneficiary of a life insurance policy by someone that’s recently died. They follow up by claiming there’s a premium due before they can disburse the funds. Fraudsters often peruse obituaries to identify potential victims.

Premium Theft

Any time someone claims to be an agent with the insurance company and wants a payment sent to their name, a PO box, or paid through a gift card, prepaid card, money order or wire transfer – it’s a scam.

Bogus Policy

Fake insurance agents will sell individuals a bogus insurance policy without being licensed or affiliated with any insurance company.

Cash Bonus

Known as fee churning, an agent will offer a cash bonus for an individual to purchase additional coverage or use cash value from their current policy to buy the coverage. The agent earns a commission for selling the policy – victims are left with a restrictive policy or higher premiums.


An agent will forge a person’s signature to change the beneficiary or gain access to linked accounts.

Policy Switch

The scammer offers to switch an individual to a policy with lower premiums. Policyholders then find they have a policy with less coverage.


Also known as overselling, the agent sells a policy with adds-ons the person doesn’t want for a greater payout when the policyholder dies. They come with a lot of limitations and restrictions.

For more information about how The Sena Group can help you with any

of your insurance needs, please contact us at 561-391-4661.

We can be found on Social Media at the following links.


The Sena Group
6501 Congress Ave., Ste. 100
Boca Raton, FL 33487