New DOL Rule May Shut Down Ramsey's Advice

[jdelix]

True, you are correct. Until this is made clear by the new rules, people like Dave can us a loose disclaimer and be protected. Until this is clearly address, entertainers can give advice on this level. If challenged in court, it will be determined that entertainers can be protected. That will spell the end of any challenge any group may have at that time. So the DOL should address this issue so that it can be cleared up.

 

[junkman]

I disagree with Dave but he is a good salesman. I remember laughing when he was going to "certify his ELPs". He's not the CFP but has an effective mouth piece.

There is no point in trying to convince someone that they don't want term when that is all they'll buy. Take the app and have them as clients for when the the term runs out and they still want insurance. GI conversion policies on old people pay nicely.