Signing up then cancel - Life Insurance
An agent came into my office and asked employees if we wanted to sign up. Well only 2 are interested but they need 3 to give them the "Group Plan". The agent told me i can sign up for life insurance for 1 week then cancel. Is this illegal. Will this look bad when i actually do need to sign up for life insurance? Need a quick answer. He wants to have me sign up in the next few days. I dont feel bad telling him no, just want to know if he is being shady by asking me to do this. Just doesnt sound or feel right..