Halloween is a time of excitement, trickery and the occasional case of boldfaced deceit. But despite the good-natured fun many trick-or-treaters pursue on the 31st of October, some people take the act of deception away from the harmless fantasies of Halloween and inject it directly into their daily lives.
Here are the top three spooky cases of insurance fraud committed by policyholders.
1. Play Dead
There are a multitude of reasons why a person would fake his or her own untimely demise: escape a marriage, evade financial debt, or in some cases, a person would rather “die,” claim his/her life insurance payout and start a new life with a new identity elsewhere.
That said, the chances of faking one’s death and riding off into the theoretical sunset with cash in tow is not only unrealistic; it’s highly improbable! Not to mention, such crimes are accompanied by jail time, fines or probationary periods, depending on the convicting state.
2. Sign here, please…
Some criminals don’t believe they have to fraudulently die in order to become someone else. In life insurance fraud cases involving forgery, the criminal in question often signs a document intended to be signed by the individual it is established for, such as a spouse, parent or grandparent. Life insurance fraud cases involving total identity theft are also common. In other cases, fraudsters have been known to steal payouts directly from other beneficiaries.
Regardless of the route taken to complete this crime, forgery is a felony that, when prosecuted, can be punishable by means of jail time, restitution and/or probation.
3. Lights Out
The cruelest form of life insurance fraud involves the most unspeakable crime known to the human race: murder.
Not only is murder wrong on a moral level, the advantages gained by committing such a crime are in the negative; with the help of modern forensics, taking another human life and getting away with it is virtually impossible. This means that once the killer has been identified (hint, hint, the individual who just miraculously received a large life insurance payout from the deceased will be at the top of the suspect list), life insurance funds collected by the killer will inevitably be seized and held for further investigation.
Finally, let it be noted that premeditated murder is one of the most fiercely pursued crimes by prosecutors. Punishments range anywhere from life in prison to death, depending on the convicting state. Either way, the killer’s life as he/she knows it is over.
Bring An End To Insurance Fraud
Insurance fraud is a lie, plain and simple. In the realm of life insurance, it may possibly be the worst kind of lie one could tell — the kind that destroys people’s lives.
If you suspect someone you know is committing insurance fraud of any kind, help put it to an end. Report any suspicious activity to these options outlined by the Coalition Against Insurance Fraud. Your help is graciously appreciated.