1. 3485 POINTS
    J Scott BurkePRO
    President, Newbury Inc., Evansville, Indiana
    Common frauds may be a harsh word. But the most common things they do to make a quick buck could include....

    1. Telling a smoker to apply as a non-smoker. This will get them a lower premium and the agent can make an easier sale BUT if the applicant dies anytime soon it will always get caught and the beneficiary will always lose out.

    2. Selling term insurance to people that want it until they die or selling whole-life to people who want temporary insurance. Those happen a lot.

    3. Selling UL universal life to people that want whole life and not explain the difference.

    4. Quoting preferred rates to people to get an application when it's obvious they will be rated as standard.
    Answered on April 11, 2013
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