Agents – Page 2 – [BonkNote]

Agents – Specific Mark K. Mason – Equitable Life Assurance Society Rick Urso – Metropolitan The Equitable Life Assurance Society and the head of its Miami office have been accused by a former agent of attracting agents with false promises and teaching them to sell life insurance through misleading statements to potential customers. The…

Agent Statements – Walker v LSW I tell clients that the cash value is guaranteed not to go down when the market goes down because the cash value has a 0% annual floor. — Declaration of Sean L. Covi, Agent – Doc 258 – 2010 0710 – 11p 2000s – LC – Walker v LSW (Life…

Big I – Independent Insurance Agents & Brokers of America IIABA independentagent.com/default.aspx 2004 0929 – Big I – Big “I” Strongly Supports Legislation Curbing Questionable Life Insurance Sales Practices – [link] The Independent Insurance Agents & Brokers of America (the Big “I”) today praised the House Financial Services Committee for its quick approval of H.R. 5011,…

NAIFA / NALU – People William N. Albus Jack E. Bobo 1970s – Executive Vice President of the National Association of Life Underwriters (NALU). 1979 – SOA – Cost Disclosure (Moss Report), Society of Actuaries – 18p https://at.naifa.org/legendary-naifa-leader-jack-e.-bobo-has-passed-away Thomas Gregg Robert Nelson 1990s – Chairperson of the National Association of Life Underwriters (NALU) Task Force on Illustrations…

NAEPC – National Association of Estate Planners & Councils naepc.org/ naepcjournal.org/wp-content/uploads/issue36.pdf by Kathryn A. Ballsun, Patrick J. Collins, and Dieter Jurkat, San Raphael, California (Part 1 of 4) – 2006 – ACTEC – Trustee Administration of Life Insurance – 22p (Part 4 of 4) – 2006 – ACTEC – ILIT Asset Management: The Written Investment…

NAILBA – National Association of Independent Life Brokerage Agencies nailba.org/ nailbacasemanager.com/courses/life-insurance-overview/ 2010 – NAILBA – Brokerage Desk Reference – 179p 2018 – NAILBA – Field Underwriting Guide Version 4.0 – 266p https://nailba.memberclicks.net/assets/2021DOCUMENTS/NAILBA_Media_Kit_2021.pdf https://www.thinkadvisor.com/2021/06/28/new-law-to-boost-life-policy-savings-power-carrier-executives/ (p40) – Adjustable Life Insurance—An adjustable life insurance product contains all the usual features of traditional cash value insurance with the added flexibility…

Consumer Buying Process Judy Faucett responded that people spend more time buying a microwave than they do an insurance policy. 1994-1, NAIC Proceedings The product is complex and confusing. The following factors must be considered in the rational selection of life insurance: (1) Amount of coverage needed. (2) Understanding of the basic workings of various…

Q: What Do Agents Say to Consumers? The agent, as a result of not understanding the illustration, may misrepresent the product to the consumer. — Judy Faucett 1992 – SOA – Life Insurance Sales Illustrations, Society of Actuaries – 16p Sales Process Some of the comments that we have heard from regulators about the illustration situation suggest…

Problem – Agent I sincerely hope that we take a look at the agent and his role in this entire process. Somehow I think we need to tie in the actuarial profession with various agents’ professional organizations, so that if the agent does in fact bastardize an illustration and make it completely unrealistic, he is…

Agent Training – Walker v LSW (p28) – <Not in front of Jury>, also p49 MR. SHAPIRO (Defense Attorney): This is a diffuse atomistic sales force. We don’t require a lot. — There is very good reasons for that. It’s not a unique business model. Perhaps other businesses run other ways, but beyond essentially telling folks…