Informed Consumer - Walker v LSW

Donna Morgan - chief compliance officer for the Life Company Life Insurance Company of the Southwest, and National Life Insurance Company.  

  • Q:  If you were considering purchasing an equity indexed universal life policy or investing in a mutual fund, would you want to know the costs and expenses of each?
  • A:  You're talking me personally?
  • Q:  Yes.
  • A:  Yes.
  • Q:  Why?
  • A: So I know I'd have an informed decision as far as what I was buying.
  • Q:  Why are the costs and expenses important to that informed decision?
  • MS. ROBINSON: Objection.
  • A: Are you asking me personally?
  • Q:  You personally.
  • A:  I don't know.
  • Q:  You don't know why they are important to you?
  • A:  Correct.

2011 1107 – DOC 748-2 – Deposition of Donna Morgan – 42p