Posts Tagged “Life settlement”

Life settlement: Industrial Alliance – Where insanity and stupidity comes together…

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  How stupid, ignorant, unintelligent – a one of kind bully – for Industrial Alliance to have made these statements in regards to viatical settlements recently published in the Insurance Journal.   http://journal-assurance.ca/article/assurance-viatique-ia-met-en-garde-ses-conseillers/   It is in French, but if you ask Industrial Alliance for a translation, maybe it will come out better in English….

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Insurance Audit: Financial advisors know little about managing insurance

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  When an insurance audit is done as part of a mandate given by a policy owner, we find that in 99% of the cases that the policy has been mismanaged. In this particular case, such mismanagement cost the client more than $90,000. Why is this? The reason is simple and it is because financial…

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Cease and desist Manulife

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  Mr. Louis Stephane Rousseau Manulife   Re: My Innovision Policy 895xxxx   Dear Mr. Rousseau:   On May 2006, Manulife issued a life insurance policy called Innovision on my life, policy number 895XXXX on my life (Richard Proteau) where my obligations and rights are listed under the policy contract number 895XXXX.   Under the…

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Case Study: Mortgage Brokers beware of the FMV of a life policy!!!

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  Because we believe that truth and integrity are the best forms of advice…   At long last, a solution is now available to stop insurers from hiding the true value of life insurance and therefore profiting from lapses of life insurance policies. Clients and professionals can now simply estimate the Fair Market Value of…

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Charitable donation of life Insurance and the Insurance Act, illegal???

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  http://www.amazon.ca/gp/product/B00PR35MEO?*Version*=1&*entries*=0   If we rely on Saskatchewan Bill 177, we can state that nowhere in this Act, you have a direct reference to the charitable donation of life insurance. To the best of my knowledge this would apply to each Insurance Act of the different provinces. As a result, we can state that none…

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THE FMV approach to life settlements…

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  To order and get the FMV_Life App please visit us at: http://www.consumerights.ca/products.html   The FMV_Life App has been designed as a tool for financial advisors in order to give them the ability of doing a quick estimation of the Fair Market Value (FMV) of an insurance policy. Currently advisors are unable to provide any…

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Why are Canadian insurers truly afraid of an organized life settlement market?

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http://www.amazon.ca/gp/product/B00PR35MEO?*Version*=1&*entries*=0   As I am writing my book “Regulated fraud”, I had to stop and rethink the development of my story because I realized something that was incredible. My work of fiction about fraud in the insurance industry committed by insurers had become a work of nonfiction. This was unbelievable. The plot of my story…

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Legal notice to Assomption Vie

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  As part of our zero tolerance policy towards breach of ethics or law, we have send this legal notice to Assomption Vie     Mrs Plourde,   We have been informed of your statement made on the Finance-Investissement web site as to your company position in regards to life settlements. On behalf of your…

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Zero tolerance against breach of ethics

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    FSCA has adopted a policy of Zero tolerance against breach of ethics. What is unique about this policy is that it does not target advisors. This policy target employees of insurance companies and employees of the provincial regulators. This is because we have come to the conclusion that breach of ethics are not…

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Letter to Saskatchewan MLAs:Bill 177: Will you vote for financial security for criminals?

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http://www.amazon.ca/gp/product/B00PR35MEO?*Version*=1&*entries*=0   Saskatchewan is about to legalize the payment of commission resulting from life insurance to criminals through Bill 177… If an advisor has his license revoked because he has stolen money from clients, under Bill 177, he will be able to continue receiving commission. Minister Wyant says he is doing this to bring the Saskatchewan…

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