Insurance 101 – Chapter 15 – Volume 48 – Viatical Fraud

Viatical Fraud

Life insurers understand the danger of fraudulent life insurance claims. They are just now recognizing a new type of life insurance fraud through the use of Viatical investments where life insurance policies are purchased from elderly or terminally ill people betting that they will die quickly and the investor can profit from the early death of the person whose life was insured.

The following video was adapted from my book, “Insurance Claims A Comprehensive Guide” Published by the National Underwriter Company and is available at the Zalma Insurance Claims Library

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The author and publisher disclaim any liability, loss, or risk incurred as a consequence, directly or indirectly, of the use and application of any of the contents of this blog. The information provided is not a substitute for the advice of a competent insurance, legal, or other professional. The Information provided at this site should not be relied on as legal advice. Legal advice cannot be given without full consideration of all relevant information relating to an individual situation.

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