Is "Electronic Withdrawal Life Ins Of Sw" fraud?

Written by Caleb Martin

June 18th, 2024

Medium Risk

About "Electronic Withdrawal Life Ins Of Sw"

National Life Group has been in business since 1848. The company provides a range of financial products and services, including life insurance, annuities, and investment products. Through its affiliated companies, National Life Group offers various types of life insurance, such as term life, whole life, universal life, and indexed universal life insurance. Additionally, the group provides fixed and variable annuities that help customers with retirement planning and income solutions. The company also offers investment products including mutual funds and managed accounts.
  • Electronic Withdrawal: Type of transaction indicating money was electronically taken from the account
  • Life Ins: Abbreviation for Life Insurance
  • Of: Connective word indicating the institution or purpose
  • Sw: Likely an abbreviation for the insurance company's name or a location indicator (e.g., Southwest)
  • Find & fight fraud from anywhere

    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 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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