Informed Consumer - Walker v LSW
Donna Morgan - chief compliance officer for the Life Company Life Insurance Company of the Southwest, and National Life Insurance Company.
- Q: If you were considering purchasing an equity indexed universal life policy or investing in a mutual fund, would you want to know the costs and expenses of each?
- A: You're talking me personally?
- Q: Yes.
- A: Yes.
- Q: Why?
- A: So I know I'd have an informed decision as far as what I was buying.
- Q: Why are the costs and expenses important to that informed decision?
- MS. ROBINSON: Objection.
- A: Are you asking me personally?
- Q: You personally.
- A: I don't know.
- Q: You don't know why they are important to you?
- A: Correct.