This BrokerPro blog is a service to the insurance brokerage community from the professional liability group at NYMAGIC® and its partner, Spirit Underwriters, Inc. It provides information to insurance sales professionals.
A controversial, but rapidly growing practice in which senior citizens raise cash by selling their life insurance policies to investors who will profit when they die could soon be subject to more government scrutiny.
Life insurance policyholders have filed numerous lawsuits against insurance agents, accusing them of selling policies which did not increase in value as expected and were not sellable...
A former Minnesota resident is under federal investigation for allegedly leaving house buyers saddled with properties and mortgages they never intended to hold. It allegedly went like this...
According to Kiplinger’s, talk-show host Larry King recently bought two life insurance policies and flipped them for about $1.4m, but isn’t happy about the sale and is suing his broker...