Plaintiffs sought to add new claim to case that dates back to the 1980s
Lower court ruled widow entitled to cancel policy switch, collect $1.3M payout
Agent deemed unsuitable after deceiving regulators about continuing education
A sneak peek at an upcoming CE course shows three time frames are key to recommendations
The clampdown includes the sale of unsuitable universal life policies
Court ruling found that universal life policies can't be used for unlimited deposits
Level cost of insurance rates on new UL insurance products will increase by varying amounts, with the most significant impact being on limited pay policies
Steer clear of these missteps to ensure your clients don’t end up with irreparable damage to their financial plans
Universal life insurance can provide benefits such as flexibility and tax-exempt investment room, but the product is not suitable for all clients
As universal life products evolve, some advisors say these products continue to be attractive while others say UL has no place in a client’s portfolio