Author Archive
It is absolutely amazing to see the amount of disinformation distributed by various parties on the subject of mortgage life insurance. Is this done on purpose? What are lawyers saying? Click here to see sharelawyers. Here is a lawyer website discussing mortgage life insurance. It amazes me to see how many lawyers have no clue…
« When I chose to only deal with professionals, I never would never have thought I was choosing a life of solitude. In Canada, when we are faced with choosing between simplicity or truth, Canadians have a culture of always choosing the easy way out. » Richard Proteau (reflection on financial services and financial industry). Have…
SUMMARY: POST UNDERWRITING APPLIES EQUALLY TO BOTH TRADITIONAL INSURANCE AND MORTGAGE LIFE INSURANCE. ANYONE STATING OTHERWISE HAS LITTLE KNOWLEDGE OF INSURANCE OR IS SIMPLY LYING TO MAKE AN EASY BUCK. IF YOU ARE A LIFE AGENT READING THIS: WHICH ONE ARE YOU? In part 2, we will once and for all put the issue…
by Richard Proteau (Author Unraveling the Universal Life Scam and Financial Mobile Application Designer) Few people in Canada are following the introduction of Bill n°141 in Quebec: An Act mainly to improve the regulation of the financial sector, the protection of deposits of money and the operation of financial institutions. This is a…
It is about time that someone exposes the real truth about mortgage life insurance. Sadly what is written on the internet about this topic is an amalgamation of unproven facts, misrepresentations and blatant lies. As it currently stands, mortgage life insurance is a bad product. However the question we should ask ourselves is why….
As of November 7, 2017, Judge Myriam Lachance convicted Claude Bossé, Claude Yvon Provost, Leonard Stella, Mario Paquin and Reginald Alfred Groome on various counts in regards to the Millenia Hope fraud. I must say that after 5 years of investigation I thought that my investigation into Millenia Hope was over having found indisputable…
September 23, 2017 Subject: ISSUE PAPER: MANAGING CONFLICT OF INTEREST RISK IN RELATION TO INCENTIVES The Financial Services Consumer Alliance (FSCA) IS AN INFORMAL NATIONAL ALLIANCE of consumers and employees working in the financial industry SHARING THE SAME CONCERNS AND was created exclusively to defend and promote the specific rights and…
When reading a text about mortgage insurance, I came across a comment made by an insurance agent with the name of Jesse at mortgage insurance Jesse is the type of insurance agent I have been fighting against throughout my whole career in the insurance industry. This type of snake oil salesman will say anything…
