Insurance protection from financial loss

what is twisting in insurance hi this is Tom Doldon I'm a nationally   recognized insurance expert and today   we're gonna answer the question of what   is twisting in insurance the first thing   I'm going to tell you is that twisting   is illegal twist enos is is sort of like   a bait and switch tactic and it's used   mostly in life insurance it's where one   life insurance agent in an effort to   induce you to bring your life insurance   over to them will try to get you to   cancel another policy and move your new   policy over to them using   misrepresentations and lies   so twisting is is somebody who is   unethical trying to get you to move your   life insurance to another one that   appears to be very similar yet they've   used misrepresentations and fraud in   order to get you to do that twisting is   illegal in I I would say every situation   of changing life...

rebating life insurance   Historically, rebating of commissions has been in the bad press because of the elements of inducement. I consider rebating of commissions as giving in to the 'dark side of the force'. Most clients are unaware of this dynamics of the 'dark side' because they will always select the cheapest route. Therefore, the onus is on the adviser to do the right thing. Unfortunately, it is difficult to decouple rebate and inducement. In all cases, the line is blurred. My advice to any company or advisers to be very careful especially if not charging any advisory fee and neither offering any comprehensive financial plan. Doing a Type 1 or 2 KYC is not a comprehensive financial plan. In fact, according to MAS' mystery shopper exercise, 90% of advisers did some fact find but only 28% made suitable recommendations. A professional must not exploit known weaknesses of clients by using commissions rebates to induce a purchase. A professional must do...