This the feature article from our Issue #2, 2019 FIRMA FORUM Newsletter. Members can view the entire issue, and past issues, in our archive
Part 1: How reliable are those illustrations from a due diligence perspective?
By Barry D. Flagg and Don Moore, Jr.
"Given the predominant use of illustration comparisons as supposed due diligence for life insurance product recommendations, the growing legislative and regulatory activity around re de ning clients’ best interests for life insurance product recommendations, and NY DFS’s standing as rst-mover on important insurance regulation, the NY Best Interest Rule for life insurance poses signi cant compliance and risk management considerations for nancial institutions both in and outside New York."