Accountability

Neither model was intended to generate Buying Guides or to relieve consumers of their own individual responsibilities to understand the product that they are spending their hard-earned money to buy after all. 

ACLI - Michael Lovendusky 

2018/11/09 - LIIIWG <Bonk>

"Second, it was observed that there was a real lack of accountability in the current marketplace involving life insurance sales, there is virtually no accountability for any of the participants in the sale, not for the company, not for the agent, and interestingly, the white paper discussed accountability on the part of the purchaser as well. Accountability is a major issue." 

--  ROBERT E. WILCOX - Chairman of the Life Insurance Disclosure Working Group (NAIC)

1994 - PROBLEMS AND SOLUTIONS FOR PRODUCT ILLUSTRATIONS,  Society of Actuaries

2010-Blumenthal v New York Life - Deposition - Universal Life Policy
2010-Blumenthal v New York Life - Deposition - Universal Life Policy