I spent 15 years as a series 7 person and two more as a State RIA. Are you to ask me to believe that my brethren in the securities field have no problems? Am I to believe you want to drag the insurance industry into this sort of crap......... http://www.rrbdlaw.com/2006/nasddis.htm "In 1996 the...

To those that think I am out of my mind when I say the SEC may end up taking over the insurance business, I invite you to read on of the posts on the SEC comment page for rule 151A Comment "Additionally, I believe that all life insurance agents and all life insurance companies should be held ac...

Annuitygirl, You are spot on with that last post. If the SEC can say money in the general account creates a registered product, I've been saying the same thing........all life and annuity insurance products are fair game. I'm on the path to make all insurance people aware of what the SEC is trying t...

Oh, I was under the assumption that we were talking agency billing. Oops. :D So what we are discussing, if I have this straight, is direct billing (not agency billing) and the people make checks out to the agency? <<by meytai on Tue Jul 01, 2008 3:30 pm etimer wrote: Take cash? No. I guess somebody ...

Annuitygirl Read how it is written, not what you and I know what it means. Pretend you know nothing about an FIA. How FINRA has it written....... "Is it possible to lose money in an EIA? Yes. Many insurance companies only guarantee that you'll receive 90% of the premiums you paid" Now, is ...

Just found this on FINRA's website FINRA, those folks that like to monitor all activities to prevent misleading statements from brokers....ah now have a look at this. It is from their own site. http://www.finra.org/InvestorInformation/InvestorAlerts/AnnuitiesandInsurance/Equity-IndexedAnnuities-ACom...

Didn't FINRA give a no go to EIA's? I was an Reg Rep from 85 to 2000 and then a State RIA from 2000 to 2002. I can say this, my brethren series 7 people were often not anymore capable to guess the future than anyone else. Top that off with the brokers working for wirehouses that have quotas and you ...

Some of you may not be aware of the power grab that is currently taking place. The SEC and its non-government arm, FINRA (previously NASD) are attempting to bring more insurance people under their jurisdiction. There is an urban belief that the goal of the SEC & FINRA is to eventually control al...

Take cash? No. I guess somebody needs to service that side of the business. I once knew a guy that had a downtown agency and accepted cash. I watched all the BS he went through with the constant cancellation notices, etc. and said to myself....I would never start engaging in that clientele. More pow...

Recently I've had a few AI requests with names that lend no indication of who or what they do. Such as name Freedom House as an AI. Plus sometimes the subs start work for someone named an AI and no contracts have been signed. I'm thinking of sending this along with COI's that want AI status. It is f...

Yes, consistency is the key. Twenty years ago E&O seminars were pleading the case for consistency and that is around the time I bought my first contact manager program (give or take a few years). But my point is this: we are consistent yes but in the age of digital manipulation, that second page...

And how so do you make them prove they received it? :?: Any attorney that takes the case already knows about the second page, the disclaimer. So without proof they received that 2nd page disclaimer, an attorney will breeze right past it. I guess we could hand deliver them but with gas at $4.00 a gal...

I've been in this business for many years but can't say life ins. is my chosen path. I do know that when I do get involved in life insurance it is a high ratio of hanky panky that goes on in its marketing. Even the TV and radio ads are misleading. They give the best preferred rats and many times it ...

For many years I've used Timematters http://www.timematters.com/ It is the software used most by Attorneys. It is a very robust program, doesn't have an annual maintenance fee and keeps track of anything you may need to keep track of. It has a built in browser, sends and receives e-mails, to-do info...

I've been doing this business fr over 25 years. I have found this happen far too often when quoting life insurance. I try to give the best estimate quote and will ask health questions. If the prospect is over the weight guidelines, blood pressure, I will tell them and quote with the appropriate clas...