Types of Buyer Fraud * Post-Dated Life Insurance - Post-dated life insurance is performed through an insurance agent. Here the policy appears to have been issued before death of the person being insured while it was arranged after the death. * False Medical History - Another very common type of insurance fraud. The buyer obtains his policies for a cheaper amount than he would have otherwise received, by omitting details like some serious health conditions. * Murder for Proceeds - As the title goes, this type of fraud is among the funniest. One, the person being insured is not aware that he was insured and shocked to find themselves murdered. The other has nothing to do with the policy. The policy is legal. Nevertheless lack of money or other financial problems forces the doer to kill his or her spouse/business partner, for the money. * Faking Death or Disability - Faking an ailment to get the money is genuine in frauds but few of them are smarter; they fake deaths too! But at the end, they have to face the aftermath of the investigation.