Mark J. Colbert
Exposing Life Insurance Policy Fraud and Misrepresentation
Because of my devotion to customer service and fiduciary duty, in 1995, I received national recognition and a place in the top 2% of all life insurance professionals. My stand on better ethics and "fair play" has been featured on CBS, ABC, NBC and PBS television stations, Dateline, Newsweek, Money, Woman's Day, and Sales & Marketing Management magazines, The Wall Street Journal, National Underwriter, San Francisco Chronicle, Los Angeles Times, Contra Costa Times, Bloomberg News and numerous other publications. I have been contacted for assistance by people as far away as Ontario, Canada and Beijing, China. In 1993, I was recognized as an authority in the field of Customer Service and Relations by the Metropolitan Life Insurance Company. In 2001, I was named by Insure.com as one of the four best-known life insurance fraud experts/consultants in the nation.
Reporting either to Counsel, insurance companies and/or the actual policy owners themselves, I have investigated over 2000 life insurance cases involving over a dozen different companies such as:
|Metropolitan Life Insurance||Prudential Life Insurance||New York Life Insurance|
|John Hancock Insurance||Guardian Life Insurance||Old Line Life Insurance|
|The Mutual Trust Life Insurance||Aid Association for Lutherans||Sun Life Insurance Company|
|Allstate Insurance Company||Primerica Insurance Company||Jackson National Life Insurance|
|Farmers New World Life||Americo Annuity and Life Insurance||Life Insurance Co. of Southwest|
|United of Omaha Insurance||Variable Annuity Life Insurance||Kansas City Life Insurance|
|American General Life Insurance||Phoenix Home Life Insurance||Great Western Insurance|
|Forethought Insurance Company||Homesteaders Insurance Company||Cerf Insurance Services|
I have contributed to investigations of several companies by various state’s departments of Insurance, and instructed a number of attorneys and State regulators on the various ways in which life insurance is misrepresented at the time of sale. In many of the successful class action suits I have worked on, I found every class representative and solicited attorneys to represent the victims. I also have given more than 100 hours of testimony as an Expert Witness.
My communication and client relations skills are outstanding and I bond easily with most people. Those persons with whom I’ve worked in the past have found me to be intelligent, hard-working, creative, and dedicated to their case. Many attorneys and their victims consider my track record of exposing fraudulent life insurance sales practices as outstanding.
Mr. Ron Hixon wrote an article about Mark J. Colbert which appeared in several publications. This article answers the question: Is Life Insurance Fraud an act of terrorism? This very intriguing article talks about dishonest insurance companies, their agents and how they disrupt the very core of our belief in security and protection; values most of us hold very dear. Doctors, Lawyers, Accountants, Clergymen and Insurance Professionals must be held to a higher standard, there's simply no room in America for white-collar terrorism. Click here to read this article.
Articles Written by Mark J. Colbert
Why Do Affluent Individuals Have Life Insurance?
After working most of your life to build your estate, the IRS tax collector can take away 50% or more of your hard-earned money virtually overnight, in the form of estate taxes. Life insurance offers income and estate tax benefits and is a source of liquidity. If properly orchestrated, life insurance can effectively provide a tax-advantaged way to raise the cash needed to pay taxes and preserve your family's lifestyle.
Has Someone Taken A Policy Out On You Without Your Knowledge?
Insurance fraud is not a term specifically earmarked for unethical agents and/or their companies. It takes on many different faces and can devastate friendships, families and life-long relationships. Any person who signs the name of another without the authority to do so, can be found guilty of forgery in a court of law.
Of all types of life insurance, it's Universal Life (U/L) which provides its policy owners with the highest degree of flexibility. Unfortunately, many of those seemingly loyal, trustworthy agents have found ways to "twist" that flexibility around for their own benefit. When a U/L policy is issued, the agent frequently quotes a "target" premium that may not be sufficient to keep the policy in force.
Scenarios of Life Insurance Fraud
We all watch the news and read the papers. Life insurance fraud can happen to anyone. Please read these scenarios that illustrate life insurance fraud. Did any of these scenarios happened to you or someone you know? These scenarios may never happen to you, but, what would you do if it did?
Is Lapsing a Life Insurance Policy in Your Best Interest?
There are countless reasons why someone may lapse a policy. You may feel you are paying too much for insurance, so you'll buy one at a better rate and allow the old one to lapse. This is seldom a good move and most often only benefits the new agent and his/her company.