Obligation to Inform Clients of Life Settlements?

Discussion in 'Life Settlements Forum' started by Brian Anderson, Oct 23, 2014.

  1. Brian Anderson
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    Brian Anderson Moderator Moderator

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    Should agents be required to inform clients about life settlements, and can carriers or broker-dealers legally prohibit them from doing so?
    These are among the fundamental questions surrounding a potential landmark case for the life settlement market. You can read more about the specific case at the link below, but my question is, when it comes to a client who is considering taking the cash surrender value or letting a policy lapse, should you be 1) allowed and 2) required to inform them of the other options available, including the possibility of a life settlement?
    This case in California, Larry Grill, et al. v. Lincoln National Life Insurance Company, could go a long way toward providing legal guidance on the subject.

    Insurance Forums | Landmark life settlement case brings up fundamental questions for carriers, agents
     
  2. stormtracker
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    stormtracker Well-Known Member

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    Ever heard of Annua Group? They are recruiting...
     
  3. awooten
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    awooten New Member

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    Hi storm tracker. It appears we have some of the same questions. I have not been able to find any information other than what they have provided. Have you been able to find anything?
     

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