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Strategic Marketing Partner Strategic Marketing Partner
  • IAR Platform
    • Our Recommended IAR Platform
    • Why Every Advisor Should Have a 65 License
    • Source of Funds Rule
  • Marketing Tools
    • Your New Website
    • 3-Bucket Sales Approach
    • CALM
    • Online Budgeting App
    • OnPointe Marketing Software
    • 10-Module Financial Literacy Course
    • Faith Based Planning Initiative
    • IUL Illustration Software
    • Asset Protection-The Wedge
    • E-Newsletter Drip System
    • Online Lead Gen!
    • Mortgage Acceleration Software
    • Debt Reduction App
    • Give Books Away for Free!
    • Student Loan Eliminator
    • Market To Attorneys
    • RETIREMENT LIFE
    • Name on Books
  • News
    • Newsletters and Webinars
    • Past Newsletters
  • Education
    • Archived Newsletters and Webinars
    • Books
    • Whole Life vs. EIUL
    • Single Premium Life Insurance
    • Advanced Case Design Center
    • DALBAR Study
    • EIUL Special Rate of Return Report
    • White Papers
  • CAUTION!
    • IRA Rescue Using CVL
    • Section 79 Plans
    • Whole Life vs. EIUL
  • Contact
    • Shop
    • My Account
  • Shop
Nov 12

FIP Lawsuit

Thanks for coming to the page where you can download and read some of the lawsuits filed in the FIP structures settlement/IUL sales debacle.

This structure is a glaring example of everything that is wrong with the insurance industry (GREED and IGNORANCE are the two big culprits here).

For agents, when you put your faith in an IMO to tell you what IUL or other sales structures are good, you are playing with FIRE. If the industry as a whole knew what they were doing and always put the client first, I wouldn’t have much to do. Sadly however, I have too much to do when trying to keep advisors I work with on the right path.

Remember, if it sounds too good to be true, many times is it (and if you ever wonder, just forward me whatever is being pitched to you and I’ll pick it apart and let you know if it’s any good).

Lawsuit No 1–The main defendants that might interest advisors are Minnesota Life and Shurwest (IMO). To view this complaint in a PDF, click here.

Lawsuit No 2–The main defendants that might interest advisors is Minnesota Life and Live Abundant (Doug Andrew‘s firm). For those who don’t remember, Doug Andrew wrote one of my least favorite books of all time Missed Fortune 101.  To view this complaint in a PDF, click here.

Lawsuit No 3–This is a class action lawsuit against Securian Financial Group and Minnesota Life. To view this complaint in a PDF, click here.

 

 

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