Agent Arrested and Convicted for Selling an Annuity.

[hardworkwillwin]

Producersweb has done a followup interview which should be online soon.

 

[hardworkwillwin]

Article has been posted on producersweb.

ProducersWeb - Annuities - Glenn Neasham: One year later

 

[bobson]

Article has been posted on producersweb.

ProducersWeb - Annuities - Glenn Neasham: One year later

Good interview. You came across really well.

 

[nfsmarketing]

Good interview. You came across really well.

Very well written article. I went to Ethics Training earlier this week in Rockford, IL and there was approximately 30-45 minutes spent on this topic. One we'll all continue to follow.

Good luck Glenn!

 

[Mark]

Article has been posted on producersweb.

ProducersWeb - Annuities - Glenn Neasham: One year later

You did a Nice Job! Thanks for sharing.

 

[AngelBand]

+ 1

Nice article/interview. Hard to believe that this case went to trial much less that the agent was convicted.

Here's hoping for a reversal- good luck Glenn.

 

[Mr_Ed]

+ 1

Nice article/interview. Hard to believe that this case went to trial much less that the agent was convicted.

Here's hoping for a reversal- good luck Glenn.

I find it hard to support someone who would sell a product like that to someone in her 80's.

 

[Norwayguy]

I find it hard to support someone who would sell a product like that to someone in her 80's.

I disagree in that the client came to him asking for that product if I remember correctly. Having said that I would have made a different recommendation.

 

[Mr_Ed]

I disagree in that the client came to him asking for that product if I remember correctly. Having said that I would have made a different recommendation.

Suitability is the onus of the licensed producer, not the proposed insured.

 

[CALTCAgent]

I find it hard to support someone who would sell a product like that to someone in her 80's.

You have the case wrong. He didn't "sell" a product. The state convicted him of theft. He faces prison time.
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Suitability is the onus of the licensed producer, not the proposed insured.

He was not convicted of not meeting suitability. This passed suitability, or the company would have been called in.

Once again, it is a Theft.

While I don't like the product, I hardly feel a conviction and prison time would be appropriate way to treat an agent in this situation.

I think it sets a bad precedent for agents.