Protecting Seniors from Scams
Unfortunately, the elderly population is more susceptible to scams, fraud, identity theft, etc. They just happen to be more trusting of people and have a hard time pointing out a scam, especially when it is hidden behind technology. Luckily, there are a few things you can share with them so that they can protect themselves from a scam.
Never give out sensitive information such as PIN, SSN, bank account, or card number over the phone unless you are sure who you are talking to. This type of information is important, so you should not send it in an email either. Also, make sure to shred any documentation that has this information on it.
Do not sign a contract without complete understanding. Contracts are long and wordy, so it may seem easy to trust that you are signing something authentic. But you should always check with a trusted family member or advisor when dealing with contracts. Do not sign it until you understand what it entails.
Use recommended services from friends and family members. For things such as lawn work, housekeeping, meal preparation, etc. use people that have already made themselves a good reputation within your community or family. Feel free to do a background check on anyone that is going to be near or inside your home.
Research charities before donating. Unfortunately, scammers will stop at nothing to get money. That means they might pose as a charity. You should always make sure to research an organization to determine if it is legit.
Be careful with urgent sales pitches. Urgency in a sales pitch tends to be a red flag. They want you to agree to what they are proposing without giving it much thought. Feel free to slow down and take some time to act.
Only allow trusted individuals to handle your banking. Your financial information is very sensitive, so it is important not to let anyone but family, friends, or a trusted financial advisor have access to it. You should speak to a trusted individual before making any large purchases too.
Shop with well-known online companies. It is always advised to be cautious with your financial information. Therefore, you should try to shop with accredited online companies to make sure your information is remaining private. Look out for the lock symbol to determine if the website is safe.
Winning trips or prizes is usually a scam unless you have applied for them yourself. If you are receiving notifications about prizes and trips without having entered any competitions, they are usually scams. Do not fall for those types of messages unless you have personally entered yourself into a credible giveaway.
Agents
We hope this information on protecting seniors from scams is helpful to you.
Empower Brokerage is dedicated to helping you educate your clients on the insurance they need and staying on top of their health. Whether it’s through webinar training, one-on-one calls, seminars, or marketing plans. We want you to be successful. Give us a call if you have any questions 888-539-1633.
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Kayla is a graduate of Texas A&M University and joined the marketing team at Empower Brokerage in early 2021. She creates content for the company websites and assists with various marketing campaigns. LinkedIn Profile
