βοΈβ Ontario Consumers Beware of Hero Life Insurance
Wednesday, 19 March 2025 07:32.PM
- The firm sells life and health insurance over the phone and email -
Ontario's financial services regulator, FSRA, is warning consumers thatβ―Hero Life Insurance is not licensed to conduct insurance business in the province.
We urge consumers not to obtain insurance products from or those that have been arranged through Hero Life Insurance. Consumers are not protected under the Insurance Act if they purchase insurance from unlicensed individuals and/or companies.
Hero Life Insurance is allegedly selling life and health insurance by contacting consumers over the phone and through email.
Reports indicate that sales representatives at Hero Life Insurance pose as licensed insurance agents in Ontario and pressure consumers to give out their personal and confidential information.
FSRA urged individuals who believe they may have been a victim of fraud involving Hero Life Insurance are encouraged to contact the local police department.
The regulator also clarified that Hero Life Insurance is not the same as InsuranceHero.ca, which is a licensed independent brokerage in Ontario registered through the Registered Insurance Brokers of Ontario.
InsuranceHero.ca is a licensed independent brokerage in Ontario and is licensed through the Registered Insurance Brokers of Ontario (RIBO).
Consumers can verify InsuranceHero.ca's licensing credentials on RIBO's website (licence number 3856).
SOURCE: Financial Services Regulatory Authority of Ontario
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