Financial Advisor
NAIFA kicks off ambitious agenda.(Meeting Coverage)(National Association of Insurance and Financial Advisors): An article from: National Underwriter Life & Health [H] [T] [M]
Warren S. Hersch (Digital) The National Underwriter Company 2004-09-20
Release date: 2005-08-01
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I am 64 and own my own small business. How do I find someone who is paid by the hour and has a deep and broad understanding of estate planning, when to start taking Social Security, etc, etc. I have heard that most "financial advisors" make money by selling insurance policies. I have nothing against insurancy policies but I want someone whose income is dependent on his real skills. Is there such a thing as a National Certified Financial Advisor association?
You may find some freelance financial advisors at website like http://www.getafreelnacer.com/ .
Chartered in 1932, the National Association of Insurance and Financial Advisors-Florida (NAIFA-Florida), formerly the Florida Association of ...
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STOLI – It's Not Dead Yet - Legislation/Regulation - Florida ...
CNN talk show host Larry King — he of the ubiquitous and colorful suspenders — is, by all accounts, pretty savvy. However, for all his experience in ferreting out ne’er-do-wells, he apparently is as susceptible to financial schemers as the next guy. In October 2007, King filed suit against an insurance services company and the people who steered him into a Stranger Originated Life Insurance (STOLI) deal. In the suit, King claimed that not only was he not informed of the full financial and tax implications of the life settlements, but that the venture caused him to “use up” his insurability, making it difficult to secure life insurance in the future.
King is simply a celebrated example of a burgeoning problem that the National Association of Insurance and Financial Advisors (NAIFA) has been warning about for years and working to address legislatively at both state and national levels. NAIFA was a key backer of a recent bill signed into law by California Gov. Arnold Schwarzenegger (SB 98) to regulate life settlement transactions and ban STOLI deals in that state.
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