Archive For The “Insurance” Category
Shame on La Chambre Financiere for distorting the truth and misrepresenting the facts! Shame on La Chambre Financiere for exploiting the victims of fraud in order to justified its continued existence! Suzanne Legault is a victim of fraud. While battling cancer she entrusted her financial affairs to a licensed representative registered with the…
When I was managing the Manulife Independent Advisor Direct Channel in Quebec, I was contacted by a student who wanted to interview me. This student was enrolled into a college program called AEC Insurance and Financial Services that was supposed to prepare them in getting the knowledge and skills required to become a licensed representative….
There is a lot of noise surrounding the introduction of Bill 141 in Quebec which officially introduces regulations pertaining to insurance sales directly to the public without the involvement of a licensed representative. Considering all of the opposition this is generating among licensed representatives on the basis that this would put the consumer at risk…
A potential court ruling allowing payments to increase on Variable Rate Mortgage as interest rates rise could lead to huge costs and even bankruptcy to consumers who have selected this type of mortgage. In an era of low interest rates, consumers were induced into buying homes they sometimes could not afford by being offered…
In the National Assembly, Quebec Minister of Parks, Wildlife and Forest Luc Blanchette stood during question period stating that “ providing fishing advice should not be an exclusive activity and to pretend that only fishing guides be allowed to provide fishing advice is too restrictive.” This was in response to the fishing industry’s uproar…
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…
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…
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….
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…
Nominees and winner can be seen at Financial Quackery Award The Financial Services Consumer has announced the nominees and winner of the 2016 Financial Quackery Award. Financial quackery is the misrepresentation of facts in the promotion of financial products or services by someone in a position of power, influence or trust over the consumer. The…
