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I agree with Mr. Bill. At what point do the consumers become accountable for their own actions.
Russ: You make the comment that they, being the consumer, should have someone they trust. It was again at the consumer's discretion to "trust" the expert to begin with.
Why are the consumers not "partly" to blame for mis-placing their trust. A person needs to do their due diligence when dealing with an individual. And when something looks to good to be true; the consumer should investigate. Not jump in head first and then ask questions.
I do agree that an insurance agent/financial advisor; needs to be forthright. But how many times have you met with a consumer and they tell you that they are coming down with "sometimers." ( Their joke at being forgetful.)
In my personal practice; anyone who is over the age of 75, requires an additional family member or friend there during the presentation. Again this is my stipulation for them to business with me; and most people like the idea.
I explain to them that the reason that I do this is so that two sets of people can ask questions subjectively. Now granted I do mostly large case design work so this would probably not be necessary selling some of the other lines.
My question still remains: When is the consumer held accountable? I look forward to a reply from any who wish to contribute.
Russ: You make the comment that they, being the consumer, should have someone they trust. It was again at the consumer's discretion to "trust" the expert to begin with.
Why are the consumers not "partly" to blame for mis-placing their trust. A person needs to do their due diligence when dealing with an individual. And when something looks to good to be true; the consumer should investigate. Not jump in head first and then ask questions.
I do agree that an insurance agent/financial advisor; needs to be forthright. But how many times have you met with a consumer and they tell you that they are coming down with "sometimers." ( Their joke at being forgetful.)
In my personal practice; anyone who is over the age of 75, requires an additional family member or friend there during the presentation. Again this is my stipulation for them to business with me; and most people like the idea.
I explain to them that the reason that I do this is so that two sets of people can ask questions subjectively. Now granted I do mostly large case design work so this would probably not be necessary selling some of the other lines.
My question still remains: When is the consumer held accountable? I look forward to a reply from any who wish to contribute.
