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Insurance Scam Warning

The state’s Office of Commissioner of Insurance was recently alerted about insurance fraud specifically targeting seniors in Wisconsin in exchange for personal information. In this scam, recipients received mail requesting personal information in exchange for the potential to qualify for a life insurance product covering thousands of dollars in funeral expenses free of charge. Commissioner of Insurance Ted Nickel says, “Consumers should be suspicious of insurance plans appearing too good to be true.”  He recommends finding out if the seller represents a legitimate, licensed insurer before purchasing a policy or giving personal information.