Insurance Broker Makes False Representation of Life Insurance Policy

Financial Planning ExpertThis case involves the trustees of their father’s estate filing suit against those responsible for the life insurance policy purchased by the estate; namely, the insurance broker himself and all entities involved as managing general agents or issuer. The plaintiffs claim that the defendant made certain representations of an indexed universal life insurance policy that were false, and therefore the actual policy does not match what the plaintiffs thought they had purchased. Plaintiffs are suing for violation of several consumer protection laws, fraud, negligent misrepresentation, negligence, and breach of contract.

Question(s) For Expert Witness

  • 1. Are you a CFP?
  • 2. Are you familiar with the specific consumer protection laws mentioned in this suit?
  • 3. Have you dealt with life insurance matters? If so, please describe your experience.

Expert Witness Response E-009210

Expert-ID: E-009210

I am a certified financial planner and a chartered life underwriter, so I have extensive experience in life insurance/estate planning/financial services. I am especially familiar with ethical conduct of insurance brokers and suitability of life insurance policies given my employment history and current consulting work. I would be more than happy to review this case on behalf of the plaintiff.

Expert Witness Response E-009202

I am a CFP and have extensive experience in the life insurance space. I am intimately familiar with various life insurance policies and the processes by which life insurance policies are sold by brokers. I would be happy to review the transaction/depositions and review this case on behalf of the plaintiff.


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