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A Lapsing Life Insurance Policy Crisis

The need for dispute defensible advisor practices and a glidepath to safety.

In recent years, much has been written concerning escalation of the lapsing1 life insurance policy crisis, illustration abuse, increased carrier litigation and continued sales agent promotion of questionable policy administration and risk management schemes for flexible premium non-guaranteed death benefit policies. Cautionary warnings with corrective action guidance have been directed to all policy owners mindful that illustration abuse adversely impacts insureds

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TAGS: Insurance
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