Top Sign your being Scammed by a Military Life Insurance Sales Person

If you've been in the military and stationed stateside for more than a year, you've no doubt run into a military life insurance sales person. For years, they've been going around to barracks, or trying to find you in places like Pizza Hut or local restaurants over the lunch or dinner hour.

I know, I started working for one of those military life insurance companies that wants to get you sign on with them. Of course, it didn't take long to see that I didn't like what they were doing to naive young soldiers and find another place to work. Having been a soldier, with my wife a soldier at the time, there was no way I could do the things I was seeing to soldiers that spend their time protecting this country and our way of life.

Having worked in the life insurance industry, I've seen and heard of some big ways that sales people try to get people to buy insurance. Some of these sales people are legitimate and provide a valuable service and some are just trying to get as much in commissions as they can before they go on to the next "sucker."

There are many ways that the person selling military life insurance will try to scam the naive young soldier. But there is one way that stands out above all others, and is probably still present if trying other ways to scam you.

Life Insurance is not an Investment

If the person trying to sell you life insurance mentions the word investment while speaking of life insurance, you can bet that they either don't know what they are talking about, or they are trying to get your money.

I can't say that it is law in all states, because I haven't checked every states law, but I can tell you that in most states, it is against the law to refer to life insurance as an Investment. The Texas Department of Insurance has provided the following:

"While some types of life insurance include a savings component that can provide some retirement income, Texas law prohibits marketing life insurance as an investment or retirement income source. If an agent or company tries to sell you a life insurance policy as a good investment, be careful." - Read the entire Article

There is a time and a place for life insurance in your life, just make sure that when you are dealing with military life insurance sales people, there are some that see you as an easy target. Be prepared to counter those that are just trying to get your money.

Ted

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