Paul B. Johnson, The High Point Enterprise, N.C.High Point Enterprise
HIGH POINT — A scam making the rounds locally involves an insurance angle, consumer advocates warn.
A letter purporting to be from an attorney says that the recipient can make millions of dollars through an unclaimed life insurance policy of someone who had no will, and that no heirs have claimed the fortune. The letter says the attorney will help secure a claim in return for a percentage of the proceeds.
The letter is a scam seeking to get the letter recipient’s personal information and financial files as part of the supposed transaction.
The insurance letter is a variation of a phishing scam designed to trick people into revealing personal information about themselves, said Lechelle Yates, director of communications with the Better Business Bureau of Central and Northwest North Carolina.
“The writer behind this letter is not a lawyer — it’s a scammer,” Yates told The High Point Enterprise. “That life insurance policy — it doesn’t exist at all. If you contact them, they’ll try to get your personal and financial information, like your Social Security or bank account numbers and take your identity, your money or both.”
People should be extremely skeptical of lucrative offers that come unsolicited.
“Your best protection is to never send information to a stranger, no matter how big the potential payoff,” Yates said.
Consumer advocate contact The Better Business Bureau of Central and Northwest North Carolina serves as a clearinghouse for consumer information. For more information, call the BBB local office in Greensboro at 336-852-4240 or check the web site www.bbb.org.
New York State Comptroller DiNapoli reports his Office of Unclaimed Funds has returned $266,069,545 being held as unclaimed funds to its owners, entities and individuals since January 1, 2025
Social Security payments scheduled for May and June
Advisor News
- Living longer, retiring poorer: Why fragmented systems are failing Americans
- Women say their advisors respect them, but talk down to them
- How PEPs compare with traditional 401(k)s
- Allianz studies why 42% of Americans retire sooner than expected
- Why advisors should be talking about life settlements
More Advisor NewsAnnuity News
- Jackson Introduces Dow Jones Industrial Average Index Option, Flexible Premiums, Six-Year Rate Guarantee in Latest Registered Index-Linked Annuity Launch
- Senior Market Sales® Fortifies Annuity Reach With Acquisition of Retirement Planning Firm Stratton & Company
- NAIC regulators continue pushing for annuity illustration updates
- Wink: Flat first-quarter annuity sales fall just short of $100B
- 26North Re Agrees to Acquire 100% of Independent Insurance Group
More Annuity NewsHealth/Employee Benefits News
- Cigna drops coverage of GLP-1 obesity drugs for its own employees
- Turning 26 creates health care challenges for Americans
- Healthcare system spiraling out of control
- After Iowa Medicaid goes private, abuse rises, wait for services soars
- PA House Finance Committee addresses healthcare access, affordability for working Pennsylvanians
More Health/Employee Benefits NewsLife Insurance News
- Jackson Introduces Dow Jones Industrial Average Index Option, Flexible Premiums, Six-Year Rate Guarantee in Latest Registered Index-Linked Annuity Launch
- State locates $107M in missing insurance funds
- The opportunity in the bottom half of the K-shaped economy
- AM Best Affirms Credit Ratings of CVS Health Corporation’s Aetna Inc. Subsidiaries
- AM Best Assigns Issue Credit Ratings to The Northwestern Mutual Life Insurance Company’s New Surplus Notes
More Life Insurance News