Carson City, NV - May 14, 2015
May is Older Americans Month, and this year’s theme is to
“Get into the Act.” To honor this event, the Nevada Division of insurance urges
consumers to be on the lookout for some red flags to avoid being fooled by
deceptive sales practices.
Nevada Insurance Commissioner Scott J. Kipper is sharing
important tips with Nevadans on how to prevent the most vulnerable such as the
elderly from becoming victims of insurance scams.
“By taking proper precautions, consumers can avoid becoming
prey of the unscrupulous looking to make easy money from the elderly,” said
Don’t give into high-pressure sales pitch. If a
particular group or agent has contacted you repeatedly, offering a
“limited-time” deal that makes you uncomfortable or aggravated, trust your instincts
and steer clear.
Beware of quick-change tactics. Skilled scam artists
will try to prey on your “time fears.” They may try to convince you to change
without giving you the opportunity to do adequate research.
They are unwilling or unable to prove credibility. A
licensed agent will be more than willing to show adequate credentials. You can
verify someone is licensed by visiting the Division of Insurance website.
Remember, if it seems too good to be true, it probably is!
For more information and tips you can visit the Nevada Division of Insurance
website at http://doi.nv.gov/Consumers/Annuities/
If you feel you have been a victim of deceptive sales
practices, you can file a formal complaint online, or call (775) 687-0700 or
About the Nevada Division of Insurance
The State of Nevada Division of Insurance, a division of the
Nevada Department of Business and Industry protects the rights of Nevada
consumers and regulates Nevada’s $11.9 billion insurance industry. The division
has offices in Carson City and Las Vegas. In 2014, the Division investigated
more than 2,800 consumer complaints and recovered nearly $4 million on behalf
of consumers. For more information about the Division of Insurance, visit
DOI.NV.GOV or Download the Division’s smartphone app NDOI Connect today in the
Apple App Store and Google Play.