Archive for January 2022
LIRP – Life Insurance as Retirement Plan / Savings / Investment – Walker vs. LSW
LIRP – Life Insurance as Retirement Plan / Savings / Investment – Walker v LSW IUL as Retirement Income Q Would you agree that a policyholder can use an IUL policy through the use of loans and withdrawals to obtain tax-free retirement income? A I do. Q Is that fair to say? A It’s one…
Read MoreHome Equity – Walker vs. LSW
Home Equity – Walker v LSW (p73) – Spooner A They went through this series of showing us all the traditional retirement accounts and then presented this private retirement account notion where you could take the equity in your home or your property and use it to set up these accounts where you could take…
Read MoreIllustration Uses – Walker vs. LSW
Illustration Uses – Walker v LSW (p89-90) – Matthew DeSantos – LSW’s Senior Vice-President of Distribution and Business Development (himself a former insurance agent) – DOC 792 p27> Q Just briefly what is an illustration? A An illustration is something that’s used — it’s a tool. I call it a tool to use with both…
Read MoreMarket Value / Price – Walker vs. LSW
Market Value / Price – Walker v LSW (p45) – Dr. Patrick Brockett A The actual price versus the price as it actually would perform in the market. Q When you say the price as they would actually perform in the market, you refer to that in your report as actual market or market value;…
Read MoreNAIC – Walker vs. LSW
NAIC – Walker v LSW (p29-30) – Dr. Patrick Brockett Q When you were offering that statement, you don’t actually know what the NAIC regulations require or preclude in terms of what could be disclosed; do you? MR. BROSNAHAN: Objection, Your Honor, as to what the NAIC — THE COURT: Overruled. THE WITNESS: I don’t…
Read MoreP1 v P2 – Walker vs. LSW
P1 v P2 – Walker v LSW (p20) – Dr. Patrick Brockett A All premium payments are made on time 2014 0415 – DOC 808 – Trial Transcript – Walker v LSW – 229p
Read MoreUM – Walker vs. LSW
UM – Walker v LSW 2014 0423 – DOC 812 – Trial Transcript – Day 10 – Walker v LSW – 194p (p142-147-Print Out) – zero percent floor,/ Policy Mechanics – Matthew DeSantos – LSW’s Senior Vice-President of Distribution and Business Development (himself a former insurance agent) – DOC 792 p27> (p14) – Dr. Patrick…
Read MoreAnnual Statements – Walker vs. LSW
Annual Statements – Walker v LSW (p200) – Annual Statement – Monthly Deductions – Howlett Q Now, if you turn — well, actually let’s stay on the first page. Do you see on the line right above that it says monthly deductions? A Yes, I do. Q And the monthly deductions are listed as what…
Read MoreDuty to Read – Walker vs. LSW
Duty to Read – Walker v LSW (p184) Did they reasonably rely on their illustrations when, as the judge said, they had a duty to read their policies and they didn’t do it? 2014 0425 – DOC 813 – Trial Transcript – Day 12 – Walker v LSW – 224p (p162) – Duty to Read…
Read MoreDoug Andrew – Walker vs. LSW
Patrick Kelly – Walker v LSW (p164) – Book – Missed Fortune – book written by Douglas R. Andrew titled Missed Fortune 101 – A Starter Kit to Becoming a Millionaire. Plaintiff Witness: Kim Howlett Q Now, when you met with Mr. Cooper, did he recommend that you read any books to familiarize yourself with…
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