Updated: Oct 15, 2020
This myth is an interesting one. And this myth strikes at the core of how ethical one’s profession and conduct really is. Is the life insurance profession one of moral and ethical character? The industry at large… might not be of the highest moral character! But individual agents, advisors, and consultants… SHOULD be of the highest moral and ethical character!
Just about 3 years ago or so, I heard a clip from a radio show of VERY well known investment advisor talk about “770” or ‘702” plans to a caller. (I already debunked “investment advice” from Warren Buffett, so this is nothing!) That particular clip and article is gone… but the original Facebook post is still there… with my comments on it from that time.