Items related to The Life Insurance Fiasco: How to Avoid It

The Life Insurance Fiasco: How to Avoid It - Hardcover

Katt, Peter C.

 
9780962995705: The Life Insurance Fiasco: How to Avoid It

Synopsis

Peter C. Katt exposes the abuses that can occur under the commission system of selling life insurance, presently the dominant method employed by insurance agencies. Using real-life examples, he explains how consumers can be easily manipulated because of the wide gap in knowledge between the selling agent and the buying consumer. Life insurance agents are rewarded ( compensated by commission) for selling a policy, not for providing information intended to better inform consumers. The commission-motivated system for selling life insurance creates such a serious conflict of interest that consumers can be exploited. This book addresses the alternatives that exist for consumers who wish to avoid agents working in the commission system. This book provides detailed descriptions of the types of no-commission policies available and their advantages over full-commission policies, using tables to compare premiums paid and surrender values

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