State warning Georgians of life insurance scam
Insurance Commissioner Ralph Hudgens says the scammers call and claim to have life insurance proceeds available to the victims for a fee.
“My office has received complaints from consumers who were scammed out of thousands of dollars by individuals claiming to be insurance company representatives,” Hudgens said in a statement. “These low-life scammers are telling consumers that their deceased relative had life insurance that lapsed, but if an immediate payment is made to reinstate the policy, they will become the beneficiary.”
Hudgens says the scammer tells the victims to pay using pre-paid money cards to immediately reinstate the policy. The victims uploads money to the pre-paid cards and the scammer calls back asking for the 14-digit serial numbers. The scammer can then transfer the money to his or her account without having the actual cards.
If you got a similar call, Hudgens says hang up immediately and contact his Consumer Services Division at 800-656-2298.