Friday, August 18, 2023

Did you get a letter from a “lawyer” about cashing in on someone else’s life insurance policy?

Consumer Alerts from the Federal Trade Commission

By Sung W. Kim

You can't cash in on a stranger's life insurance policy — even if a lawyer says you can. The FTC has heard reports from people in Korean, Vietnamese, and Latino communities who got letters in the mail from a supposed "lawyer" in Canada. The letter looks like it's from a law firm and offers an "easy way" to get money using someone else's life insurance policy. But it's a scam. Here's how to spot it.

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