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 Posted: Mon Apr 05, 2010 9:36 am Post subject: SSN for insurance |
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Someone called me the other day with an insurance offer over the phone. The was pushing too hard for my SSN. I've asked him to call later. Is it okay to provide such information over the phone?
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Hopelessbuyer
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| Posted: Tue Apr 06, 2010 8:48 am Post subject: |
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| I'd agree that your SSN is strictly confidential. At the same time, I must say that it's become a necessity for all insurance carriers to know your DOB and your SSN in order to deliver a quote. |
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steven
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| Posted: Wed Apr 07, 2010 9:37 am Post subject: |
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It seems SSN is an absolute requirement now-a-days. Without it no carrier would be able to provide you with coverage. Insurance companies have to be sure of the actual risks associated with an applicant before enrolling him.
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sil
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| Posted: Wed Apr 07, 2010 10:18 pm Post subject: Hopelessbuyer |
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Dont give your SSN they do not need this to give a quote.
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Mark Elliott
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| Posted: Fri Apr 09, 2010 11:39 am Post subject: |
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| Mark, would you prefer to cover someone if the risks associated with that person are not know to you? I guess a no-hit SSN automatically triggers the highest premium-rate for you. |
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steven
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| Posted: Sat Apr 10, 2010 6:49 am Post subject: |
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One thing we'd need to understand very clearly. All the credit and premium calculations are done within the carrier's system. Agents don't have any access to such records.
| Quote: | | I guess a no-hit SSN automatically triggers the highest premium-rate for you. |
I don't think it's common with the legal immigrants. It also occurs with people who have just been issued a social security number. |
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roddick
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SPLynch
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| Posted: Sun Apr 18, 2010 6:16 am Post subject: |
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| Quote: | | Someone called me the other day with an insurance offer over the phone . . . |
And if they asked you for your bank account number instead, would it have been OK with you to give it to them?
For a laugh, I've occasionally opened the emails that I recognize as bogus, which go on to tell me that (as a Caucasian male whose grandparents came to America from Lithuania and Poland) I have been identified by the "lawyer" sending the email ". . . as the last surviving relative of Nkumbo Nambitubi, who was a very wealthy chieftain in rural Nigeria. There's been a problem with the money, and if I'll just advance the lawyer $10,000 to settle some urgent legal matter, my check for unclaimed oil lease revenue of $12,000,000 will be dispatched via world united Parsel Currier (spelled incorrectly) within 72 hours of the wire transfer. Or something similar.
Believe it or not, Internet fraud such as this accounts for 30% or more of Nigeria's gross domestic product. People actually fall for this BS.
Most authorities agree on this point, if you did not initiate the call, how do you know who it is that's calling you? You should never reveal personal information such as SSN or bank account information.
But if I dial a number on my bank statement for information, and they ask me to "verify some personal information," like my mother's maiden name, I don't have a problem with that at all. I know who I'm calling, because I dialed the number. (I just don't appreciate talking to "Bob" in Mumbai.)
Now when someone calls me and says, "We've had a problem at the bank, and we just need to verify that we have the correct PIN number on file for your ATM card," I'm hanging up before they get the last word out.
What others have said about needing an SSN or TIN to apply for insurance is correct. And verifying your identity with a driver license or passport is also required to fulfill "AML" (anti-money laundering) provisions of the USAPATRIOT Act.
But I'm not giving that information to someone I've never met who calls ME on the phone.
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MaxHerr
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