Help protect your company/clients against litigation, arbitrations and customer complaints with Veralytic.
Litigation, arbitrations and customer complaints involving life insurance are on the rise, and recent trends indicate these risks will continue and worsen. Questionable sales practices involving stranger-originated life insurance (STOLI) have drawn the attention of plaintiff attorneys, and new regulations and emerging case law involving irrevocable life insurance trusts (ILITs) gives customers and plaintiff attorneys an increasingly strong basis for breach of fiduciary duty lawsuits and challenges.
While much of the industry continues the questionable and risky practice of comparing hypothetical illustrations, such hypothetical comparisons can be considered “misleading” and “improper” by both financial and insurance industry authorities. On the other hand, Veralytic’s patented, objective and rules-based research is compliant with both industry regulations and established case law.
For far less than the cost of manually comparing illustrations, Veralytic research independently measures policy charges and performance, and documents the competitiveness and suitability of the inforce policy and/or product being recommended relative to the universe of peer-group product alternatives. Having this documentation can help protect your company or your clients against potential lawsuits, arbitrations and customer complaints. In addition, if your company or clients serve as ILIT trustees, Veralytic Reports help you document compliance with Uniform Prudent Investor Act (UPIA) Sections 7 and 2(c)(5).
Follow this link to begin protecting both your company and clients against these risks while also improving customer service analysis right away.