Is "Electronic Withdrawal Fglifeinsco" fraud?

Written by Ethan Patel

June 18th, 2024

Medium Risk

What is "Electronic Withdrawal Fglifeinsco"?

Fidelity & Guaranty Life Insurance Company, founded in 1959, has been in business for several decades. The company provides a range of life insurance products and annuities. Its offerings include term life insurance, universal life insurance, and indexed universal life insurance policies. Additionally, Fidelity & Guaranty Life Insurance Company offers fixed indexed annuities and traditional fixed rate annuities. The company operates with a focus on providing retirement and financial security solutions.

  • Electronic Withdrawal: This indicates that the transaction was an electronic or automated withdrawal from the account.
  • Fglifeinsco: This is an abbreviation or condensed version of the name of the company or entity, likely referring to Fidelity & Guaranty Life Insurance Company.
  • Verify if this transaction is fraud in 30 seconds

    Verify With Receipt

    The best way to tell if this charge is fraudulent is to find the receipt. You may have an electronic copy of the receipt, which you can finding by searching in your email accounts for.
    Or, if you want to automatically find and reconcile receipts so you never worry about fraud, you can use SimplyWise to automatically match all bank and credit card transactions to email and paper receipts. The app instantly reconciles your expenses and flags anything that doesn't match.

    STEP 1

    Connect your Email

    Download the SimplyWise app and connect your email account. SimplyWise will search through your emails and find all the receipts in your inbox. This allows you to understand what exactly you are paying for when you see a bank transaction on your statement.

    STEP 2

    Connect Your Bank

    Connect to your bank account/credit card transactions through the secure (256 bit encryption) Reconciliation feature within the app.

    STEP 3

    Reconcile

    Reconcile the charges reported by your financial institution against what you've recorded in your SimplyWise account. Find fraud quickly! SimplyWise will match your transactions to your bank/credit card spending and check those items off.

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