This is a new one, so I thought I'd share it with others. It's not unique, just another outfit that's entered the apparently lucrative field of scamming older folks.
An outfit titled No Am Senior Benefits solicited me, with the very generous offer of a $5 check (wow- I'd be rich!!!), to endorse the check and add my phone number, pursuant to which someone would contact me to discuss end of life policies.
I've been solicited by coffin chasers before; this is nothing new. But after doing a bit of checking, I'm surprised that this outfit has been so successful in scamming people. ...hence, the warning.
This BBB list of complaints reflects how the scammer operates. People are approached, "sold" a life insurance policy, provide personal account information by which "premiums???" are debited directly from accounts. Some folks never received policies.
The first complaints of 12-16-19, the cop-out, responsibility shifting response reflects the position of the agent.
"We are not the insurance carrier. You would need to contact the company associated with the debit amount on your bank statement to cancel the policy."
The following report of 12-11-19 also addresses a similar tactic.
It's not clear whether the company is legitimate or not, or whether it's the alleged agents.
If you have a loved one who's susceptible to this, and if you monitor or can monitor his or her mail, this is one outfit to avoid.