Self-Diagnosis: Does the Consumer Have the Advantage over the Insurer?
The purchase of any type of insurance is based on the premise that the applicant/proposed insured will disclose any and all pertinent information related to insurability and that the insurer will act upon that information in good faith. If information is withheld, the balance of the transaction is altered.
Avoiding Fraud - Life Insurance Sales Practices
Once in a great while you might come across a sales practice that makes you wonder; something about it doesn’t feel right.
Avoiding Material Misrepresentation and Fraud in Life Insurance
We traveled a great deal this past year, visiting clients, potential clients and attending industry meetings. Along the way, the topic of fraud in the Life insurance industry came up quite a bit.