Monday, May 03, 2010


Beware: Ohio bars this life insurance

People generally buy life insurance so their spouses or children can be taken care of when they die.

But unscrupulous insurance agents are trying to persuade consumers to buy policies that will put money in their pockets now and benefit investors they don't know when they die.

It's a scam, says the Ohio Department of Insurance, which is warning people against Stranger Originated Life Insurance. Agents target older consumers, many of whom have no idea the practice is illegal in Ohio...

Dispatch: Beware: Ohio bars this life insurance

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