Life Insurance Consulting

Life Insurance and Securities Expert Witness/Consulting

As a life agent and former compliance officer, I can assist lawyers and others with analysis of life insurance and securities issues as either an expert witness, consultant, or co-counsel.  I am intimately familiar with sales practices, compliance issues, and operational practices of insurance and brokerage agencies.  I have substantial experience in analyzing the relevant issues, and I how to build a case against brokers or agents that have sold unsuitable products, mis-designed life insurance policies, sold inappropriate annuities or securities products to your clients.

My qualifications include:

Five years as a compliance officer for a life insurance/brokerage agency

Licensed as a General Securities Principal (Series 24), currently inactive

Licensed as an Investment Advisory Representative (Series 65), currently inactive

Licensed as a Life Agent since 1999

Licensed as a general securities registered representative (Series 7), currently inactive

My experience includes:   

Appointed as an expert witness in Federal Court to analyze the sale of nine insurance policies totalling $18 million on two individual owners of a successful business.

Acted as consultant in a case involving the sale of a $900,000 life insurance policy to a 73 year old woman with diabetes that lapsed within 3 years after she paid premiums of $400,000

Acted as consultant in a case where a securities broker sold Collateralized Mortgage Obligation Bonds (CMOs) to an elderly woman without disclosing the risks, resulting in a loss of over $1,000,000

Represented an individual who was sold a life insurance policy for retirement purposes and other investments that became worthless, forcing him to reduce his death benefit, incur a substantial surrender charge on the life policy and leaving him over $200,000 in debt for the loan used to purchase the policy and make the worthless investments
 
Represented two individuals who were sold over $200,000 in unregistered securities that were part of a Ponzi scheme by their securities broker