Posts Tagged “insurance”

Shame on La Chambre Financiere!!!

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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…

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AMF Life Insurance Exam Under Review…

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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….

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Quebec government under pressure not to allow fishing without the use a fishing guide…

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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…

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Debunking Mortgage Life Insurance, Part 3

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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…

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They are absolutely crazy these Quebecers…

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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…

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Debunking Mortgage Life Insurance Part 1

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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….

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Five stupid things a Snake Oil Insurance agent might say to you…

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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…

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2016 Financial Quackery Award

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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…

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Did Options Consommateurs published a fake report?

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Note: Want to know everything about insurers. We will be providing the best info to the DIYer at insurers. Site is not completed yet but it provides a general idea of the content…   On December 1st, an organization named Options Consommateurs whose mission is supposed to be the protection of the consumers in Quebec…

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Who is selling insurance?

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Visit our website Financial Services Consumer Alliance to learn more about who is selling insurance Agents versus Brokers and Advisors…   “You should never consider buying the insurance that you want unless you have bought ALL the insurance that you need!” Richard Proteau   The power of words…we forget it too often. Words define how we perceive reality…

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