InvestmentNews

By: Darla Mercado

To discuss life settlements or to ignore life settlements — that’s the question insurance agents and registered reps who sell insurance policies are asking themselves in light of growing confusion over their responsibility to disclose the option of selling a policy that owners no longer want.

Commentary by Michael Abraham:
It seems to me that this should not even be a discussion point!  How can an adviser be seen to give complete advice if he does not include all options?  It is exactly the same for insurance companies who consistently omit to let lapsing/surrendering policyholders know of the option to sell their policy.

http://www.investmentnews.com/apps/pbcs.dll/article?AID=/20091122/REG/311229998

Published on 22 Nov 2009 at 07:19 am