- 10,806
Lol.
I hear you!
I have thought about recording all final sales presentations on a voice recorder. That way if someone ever gets selective memory I can go back and definitively prove them wrong.
More Agents Get Nailed For Selling Annuities
- Thread starter Crabcake Johnny
- Start date
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- Tags
- annuity
Lol.
I hear you!
I have thought about recording all final sales presentations on a voice recorder. That way if someone ever gets selective memory I can go back and definitively prove them wrong.
- 8,707
I've thought the same thing and you don't have the issue of unapproved forms biting you down the road.
- Thread starter
- #33
- 14,808
Just for sh*ts and giggles, what liability does the average Joe have? Let's say I'm at a party (and not an agent - just a regular working schmuck) and someone tells me their have everything invested in the stock market. I say "you're nuts! You should take every dime of that money and put it "here" instead.
If he actually acted on that advice and lost money, is he simply SOL?
If he actually acted on that advice and lost money, is he simply SOL?
- 1,641
Take your sh*ts and giggles and go TROLL SOMEPLACE ELSE.
You should be beaten when you tread outside the health insurance forum. You don't know crap about annuities and you obviously have no desire to learn them. Please crawl back in your hole and stop tarding up this forum.
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- 924
Joe Average has no liability. He is everywhere and more than happy to give people advice about all sorts of things, like how to cheat on your wife and not get caught.
But everyone knows Joe Average is full of crap and anyone who relies on his advice deserves whatever crappy result he gets.
Now, if someone comes to your house and gives you a card with "Joe Average" on it and he is a "Senior Retirement Expert" or some such B.S. and tells you, even correctly, that Merrill-Lynch or Ameriprise are lying bastards and that he has some better investments in mind, then Joe Average has some serious liability problems.
But everyone knows Joe Average is full of crap and anyone who relies on his advice deserves whatever crappy result he gets.
Now, if someone comes to your house and gives you a card with "Joe Average" on it and he is a "Senior Retirement Expert" or some such B.S. and tells you, even correctly, that Merrill-Lynch or Ameriprise are lying bastards and that he has some better investments in mind, then Joe Average has some serious liability problems.
RichS
New Member
All I am hearing here is about the agent's responsibility. What about the insurance company and all those quotas that they "don't" require? How should the agent act when they have a financial gun to their head?
RichS
RichS
- 8,707
My question would be what quotas....Are you captive or have some sort of production requirement for a contract? I don't have the highest commission contracts but then again I don't have any production requirements with any carrier.
- 4,716
If you guys are doing the "right thing" for the clients you should not worry about anything. March on and write those annuities, you are doing the people a great service!
- 8,707
Unfortunatly that is a simplistic way of looking at things...If some family member down the road thinks they would have made out better had olny you done such and such AND they complain to the DOI and the DOI investigates I would assume the DOI can create a case against us all...
DOI investigator finds out from the companies you are appointed with who you have sold policies to...They then visit the senior and ask some questions. The senior doesn't remember you telling them something and it goes down as misrepresentation.
I've actually like all the disclosure paperwork...I just hope it stands up to CYA...I've thought of getting a digital recorder and recording all my meetings, I've seen some Financial planners do that just not sure how the senior would take that when I come in and want to record the meeting in their house.
- 4,716
They make small pocket recorders, you can just put in you shirt pocket and no one will know but you. In Texas so long as one person involved in the conversation knows it is being recorded it is legal.
