Agents Lying on Apps

[jdeasy]

In the case of fraud or material misrepresentation, the 2 year contestability period won't matter!

Yes it does. A policy cannot be contested after it's out of contestability.

Can they go after someone for fraud? Yes, but that's a whole different issue.

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Just went to an appt. The crazy thing is that the lady bought a policy this am from another agent. When I quoted her she said she got a much cheaper rate from another agent. He wrote her on Americo. What is even crazier is that the agent said no to all questions when in fact she was diabetic, smoker, and history of heart issues. Have anyone come across this type of stuff before? They must be writing companies that dont do script checks and hoping the 2 year contestibility comes really fast. Hard to compete against garbage.

Americo will do an MIB and an Rx check.

And how do you know what was answered on the app? Was the application still there?

Maybe the agent did lie but maybe the prospect is the one that lied?

Either way that policy won't get placed with Americo.

 

[yabadabadoo1026]

Well let me tell ya, if I had a dollar for every time I came across this scenario I would be a rich man at this point. Wow does it happen so much is because their are many liar agents out there. Those pesky Lincoln Heritage Agents are the worst culprit. They clean sheet all day. Matter of fact they are trained to clean sheet. I know I was one many years ago. Total sham and an injustice to the seniors who need it the most. I am not afraid to report these agents who give us agents a bad name. DOI will look into it. LH may not but doi will for sure.

regrettably it would seem beyond contestability they are not doing the senior an injustice-- quite the opposite giving them an undeserved better rate. Had a clean sheet recently from Bankers who answered NO to the cancer question when she had her last treatment 13 months before----he lied and gave her preferred and all I could offer was ROP. During contestability its all the same, neither pays and she just gives up the interest with the clean-sheeted one

 

[Rather_Be_Golfing]

How does "clean sheeting" work if script check and MIB would definitely alert xyz insurance company that potential client is lying? Seems impossible but I'm new in FE and know very little on the scams of the trade lol

 

[goget]

Believe what you want moon. I've been in houses in the past were I saw clean sheeting huge time but never replaced it because it was out of contestability. I proceeded to write them something else and many yrs later they died. Of course mine paid but the fraud one also paid no questions asked.A company would be taking a huge risk contesting after 2 yrs

 

[jdeasy]

How does "clean sheeting" work if script check and MIB would definitely alert xyz insurance company that potential client is lying? Seems impossible but I'm new in FE and know very little on the scams of the trade lol

You can't really clean sheet a company that does MIB and Rx checks. Unless they are being seen at the VA.

But some companies don't do MIB and/or Rx checks.

Those can be clean sheeted. There were many accusation of that with AmCon before they started doing an Rx check. But they always had a phone interview.

If the app was clean sheeted then the applicant had to go along with it on the phone interview.

I'm sure that happened but there are possibly two guilty parties there and one is always the applicant.

I used to be quick to blame the agent too but I have now seen enough lying ass prospects to know better than to jump to conclusions.

 

[Norwayguy]

You can't really clean sheet a company that does MIB and Rx checks. Unless they are being seen at the VA.

But some companies don't do MIB and/or Rx checks.

Those can be clean sheeted. There were many accusation of that with AmCon before they started doing an Rx check. But they always had a phone interview.

If the app was clean sheeted then the applicant had to go along with it on the phone interview.

I'm sure that happened but there are possibly two guilty parties there and one is always the applicant.

I used to be quick to blame the agent too but I have now seen enough lying ass prospects to know better than to jump to conclusions.

Haven't you ever wondered if the agent is willing to clean sheet why they would not be willing to have someone else do the phi?

 

[jdeasy]

Haven't you ever wondered if the agent is willing to clean sheet why they would not be willing to have someone else do the phi?

I know that's happened.I ran into one a year or so ago where the lady admitted to me that she did a phone interview for her sister. This was supposedly at the agent's urging.

Her claim was that she was ashamed of what she had done and wanted to cancel her policy with that agent and her sister's policy.

She refused to take it to the step of filing a complaint. So what was the real story?

I heard of an agent in Ga that lost his license because he was having imposters do the phone interviews. Supposedly had someone do the interview and pretend to be the applicant while the real insured was in jail. That is almost too stupid to be true. I do know the guy lost his license. Whether that was the real reason or not I don't know.

 

[Buff Minorcan]

Well let me tell ya, if I had a dollar for every time I came across this scenario I would be a rich man at this point. Wow does it happen so much is because their are many liar agents out there. Those pesky Lincoln Heritage Agents are the worst culprit. They clean sheet all day. Matter of fact they are trained to clean sheet. I know I was one many years ago. Total sham and an injustice to the seniors who need it the most. I am not afraid to report these agents who give us agents a bad name. DOI will look into it. LH may not but doi will for sure.

Please do not speak ill of LH the greatest FE agency in the world.

 

[Jerard]

Please do not speak ill of LH the greatest FE agency in the world.

In which world? Uranus?

 

[rousemark]

Please do not speak ill of LH the greatest FE agency in the world.

Golden Showers is the greatest agency.. LH is the greatest COMPANY..