Agents fight "grim reaper" stigma

If someone talks an 80-year-old widow into putting her last $50,000 into this product he should be tarred and feathered, but not because the product has no merit, it just doesn’t fit the scenario of being proper for the client. The answer is not necessarily more regulation, but proper application of the product to the situation. We have the same problem in the marketing of FIAs and VAs.
- John Reagan

I worked with agents, senior, brokers and funders for several years. I find it interesting that a “dancer” thinks he has an educated statement on life settlements.

Does some regulation need to be in play? Yes. However, too much regulation will not be good. There are a few bad apples out there doing life settlements, but the legitimate brokers and funders will win out and regulate themselves. That is how the basic business world operates.

Do we really want too much nosy federal regulation in our business? Kind of like the SEC wants to regulate indexed products? Does Madoff ring a bell? Bureaucrats generally have NO idea what they are doing. C’mon people, let’s keep the government out of our business.
- Steph Wilson