Mark J. Colbert Enterprises

Life Insurance fraud and misrepresentation is a huge and very real problem in America. It is estimated that 40% of all life insurance policies sold in the United States between 1983 and 1994 will not perform as sold and may have been sold under false pretenses.

Some insurance agents use misleading sales practices to persuade customers to exchange older policies for newer ones. "Churning" is when an agent falsely contends that a new policy is free, cheaper or will provide more coverage for less money.

Another misleading sales practice in which agents tell customers that policies will pay for themselves in only seven or eight years due to high interest rates is called "vanishing premium fraud."

We've investigated numerous cases involving Prudential, MetLife, New York Life, Allstate, John Hancock, Americo, United of Omaha, the Life Insurance Company of the Southwest, Senior Healthcare Consultants, Northwestern Life, Mass Mutual and many others. We have even found fraudulent sales practices within fraternal organizations like The Aid Association for Lutherans.