My sister recently married a man who she thought was the perfect guy for her. He encouraged her to get life insurance soon after the wedding, which seemed strange to me but she told me not to worry so much. She did as he asked her to without hesitation. She did have some worries since collecting a huge court payoff from her previous husband who was not too happy about it but was so eager to please her new hubby that she pushed all her reservations aside.

It is unfortunate that no one had explained the concept of stranger owned life insurance or premium finance theft to her as she just found out she has been taken for a lot of money from her new husband’s shady dealings. He had suggested a specific company for her to deal with and she had no reason to not trust her new husband so she signed up with them right away.

With out her knowledge it was his company and it was secretly funneling her life insurance premiums into his private bank account. She was none the wiser till she discovered one evening he had left without saying goodbye and she was not really covered by life insurance at all.

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