Uncovering Suspicious Life Insurance Activity: A Case of Possible Fraud and Forgeries
In recent weeks, my wife and I have encountered a perplexing and concerning situation involving life insurance policies, potential fraud, and forged signatures. I wanted to share our experience in case others have insights or have faced similar issues.
The issue began when my wife received an automated letter from New York Life, confirming a change of address on a life insurance policy. To our surprise, she had no record of ever purchasing a policy with that company. Upon investigation, we discovered that the policy was originally taken out by her ex in 2016. Notably, the insurance agent associated with this policy claimed recollection of her signing documentation, which seemed unlikely.
Further inspection revealed irregularities:
– The agent provided only one document from our requests, which listed my wife and her ex as husband and wife—a relationship that never existed.
– Requests to review her actual signature on the forms were met with claims that it was completed via DocuSign, with no physical signatures available.
– We obtained multiple forms from the state’s insurance department, each bearing her name and a signature that clearly did not match her handwriting. Additionally, her printed name appeared in all caps, an unusual style for her.
The insurance department’s investigator also informed us that her ex had multiple whole life policies taken out on various individuals without their knowledge. They indicated they would investigate further and might request her to submit a handwriting sample for forensic analysis.
When my wife approached her ex about these discrepancies, he refused to discuss them over phone or text, insisting instead on visiting us in person. His explanations were inconsistent and unconvincing. His main message seemed to be to dismiss our concerns.
This situation raises questions about potential schemes involving insurance agents and internal collusion:
– Is the ex orchestrating a scheme where he collaborates with an agent to secretly establish policies on people without their consent?
– Could the agent be complicit, earning commissions and kickbacks while turning a blind eye to forged signatures?
– Might the ex be planning to collect payouts in the future, possibly sharing the proceeds with the agent?
Our state’s insurance department is already investigating, but we’re eager to understand what might be happening behind the scenes.
If you have experience with similar cases or insights into life insurance fraud, I would appreciate your perspective. We hope justice will be served, and in the meantime, we remain vigilant regarding these suspicious activities.
Stay informed. Stay cautious.
