Brian Earl Spilner said:
Thanks for that.
Yeah the whole thing sounded fishy from the start. Funny to see supposed CPAs actually pitching this.
I've seen many, many cases where financial professionals, especially early in their careers, are SOLD by insurance company reps on the grand ideas of the various insurance products. They are easily sold because the benefits are fantastic, as long as you ignore the rest of the story.
By the time financial professionals should know better, they've effectively been brainwashed by constantly being told how good the products and strategies are, and paid very well to sell them. They actually can't even see the drawbacks.
And finally, securities licensed people are held to a very different standard than insurance licensed individuals. My advice to anyone ever looking to buy a complex insurance product is to find someone who will go in depth on the reasons not to buy it, and then decide if the benefits are still worth it.