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 - 28p

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