Life Insurance Frauds Examples. This type of fraud usually involves two or more people. Agents should not be doing side business dealings with their life insurance clients.
In less serious cases of fraud, you might be hit with higher policy premiums, a policy denial, or cancellation of coverage. Aguigui collected $400,000 in life. For example, obtaining automobile insurance after an accident is not insurance and does not indemnify the insured for any injuries suffered.