David Kinder

  • 2020 0925 - Tom Hegna - Tom Hegna Interviews David Kinder - [VIDEO-YouTube-26:10]
  • 2024 0503 - The Financial Advocacy Podcast / David Kinder - Podcast EP 1 Consumer Advisory Bulletin on Indexed Universal Life Insurance - [VIDEO-YouTube-01:27:48]
  • 2024 0621 - The Financial Advocacy Podcast / David Kinder  - EP 8: A CPA Asked These 6 Questions About Life Insurance - [VIDEO-YouTube-01:00:31]
  • 2024 0628 - The Financial Advocacy Podcast - The Professionals' Forum 2024: David Kinder's Platform Speech: 5 Key Tips for How I Did It! - [VIDEO-YouTube-27:05]
    • 9 - Thomas Love - Tax-Exempt Retirement Cash Flow
    • 9 - Kelly Smith
    • 10 - Dr. Sanjay Tolani
  • 2024 0705 - The Financial Advocacy Podcast / David Kinder - EP 9: Retirement vs Education: "You can't borrow for retirement" Myth or Fact? - [VIDEO-YouTube-48:38]
  • 2024 1107 - The Financial Advocacy Podcast / David Kinder - David McKnight and I discuss his latest book "The Guru Gap"! - [VIDEO-YouTube-56:29]
  • 2024 05-? - David H. Kinder - LinkedIn - [link]    The NAIFA DOL ruling webinar just ended. A few common questions:
    • Do I need a Series 65 license? The answer is no. You do not need a series 65 license UNLESS you want to engage the public as an investment adviser: charging fees for securities advice, giving advice on specific securities, and collecting AUM fees. 
    •   I have heard of insurance agents who got their series 65 license in order to promote themselves as a 'fiduciary adviser' and then did NOT conduct themselves accordingly. A good case to study would be the Tracy W. Mitchell case out of Missouri a few years ago. (That guy was incompetent as an insurance agent, but his series 65 made it a far worse issue for him.) 
    • Will this affect life insurance sales? I believe that if the source of premium is either directly from a qualified plan OR IRA funds... even through a withdrawal to purchase life insurance... the ENTIRE TRANSACTION would be subject to DOL ruling and oversight.   
    • Why? Because the withdrawal would be recommended by the advisor for purchasing the life insurance contract, which would bring the entire recommendation under DOL fiduciary conduct review. I can't see how the life insurance transaction would be exempt when the funds came from qualified retirement plans.
  • DHK - [David Kinder] - I don't know of a single agent who is widely known in the public's eye about the good that they do with life insurance and annuities.
    • Sure, there are plenty of internal industry heroes - John Savage, Ben Feldman, Burt Meisel, Van Mueller, Guy Baker, Mehdi Fakharazadeh, and more... but no one who seems big in the public eye and mainstream media.
    • The closest that we have, are the annual celebrity spokesmen for Life Happens... and Ed Slott who mentions the tax advantages of life insurance and annuities in his annual "Retirement Roadmap" specials on PBS.
    • I think Tom Hegna, CLU, ChFC, CASL is starting to become that agent though. Don't Worry, Retire Happy with Tom Hegna | Don't Worry, Retire Happy with Tom Hegna | Shows | KCET

2015 0304 - insurance-forums.com/community/threads/primerica-guarantees.73077/page-3

  • 2022 0113 - The Financial Advocacy Podcast / David Kinder - PLIAD Group Expert Series: Selling Systems and Learning the Economics of Life Insurance Contracts - [VIDEO-YouTube-01:52:46]
    • Description
    • ** FOR FINANCIAL PROFESSIONALS ONLY ** [Starts at about 10:30 in]
    • This learning event with Professional Life Insurance Agent Discussion Group Experts Thomas F. Love and John Ocweija, CLU, ChFC, RICP, AEP.

SLAPP

  • Makaeff v. Trump University – cdn.ca9.uscourts.gov/datastore/opinions/2013/04/17/11-55016.pdf
    • Cal. Civ. Proc. Code § 425.16(e). The district court
      determined that Makaeff’s statements fell into the fourth
      category, conduct in connection “with a public issue or an
      issue of public interest,” because the statements provided
      “consumer protection information.”
      Under California law, statements warning consumers of
      fraudulent or deceptive business practices constitute a topic
      of widespread public interest, so long as they are provided in
      the context of information helpful to consumers. For
      instance, in Wilbanks v. Wolk, 17 Cal. Rptr. 3d 497 (Ct. App.
      2004), Gloria Wolk, a consumer advocate and expert on
      viatical settlements (arrangements inwhich dying persons sell
      their life insurance policies to investors to help pay for
      medical care and other expenses), posted negative comments
      on her website about a certain broker of such settlements. Id.
      at 499, 507. The California Court of Appeal held that the
      statements were protected activity under the anti-SLAPP
      statute because they were “consumer protection information.” Id. at 507. It reasoned:
      • The statements made by [the defendant] were
        not simply a report of one broker’s business
        practices, of interest only to that broker and to
        those who had been affected by those
        practices. [The defendant’s] statements were
        a warning not to use plaintiffs’ services. In
        the context of information ostensibly provided to aid consumers choosing among brokers, the
        statements, therefore, were directly connected
        to an issue of public concern. 

Wade Pfau

  • 1977 - Born 
  • Years?-  BA and BS - University of Iowa
  • 2003 - MA and Ph.d - Princeton
  • 2019 - Book - Safety-First Retirement Planning
  • -------------------------------------------------------------------------------
  • ?- 2012-? - RIIA - The Retirement Income Industry Association - riia-usa.org/
    • Curriculum Director for RIIA
  • 2003-2013 - Teaching at the National Graduate Institute for Policy Studies in Tokyo
  • 2013-Current - theamericancollege.edu/about-the-college/our-people/faculty/wade-d-pfau
  • scholar.google.com/citations?user=kzxcA68AAAAJ&hl=en
  • retirementresearcher.com/
    • Retirement Income Style Awareness tool
    • Retire with Style podcast. 
  • 2013-Current - mcleanam.com/team/wade-pfau-bio/ - Principal, Director of Retirement Research
  • wbcornerstones.com/dr-pfau/
    • We are extremely excited to announce that Dr. Wade Pfau CFA, RICP® has joined Wealth Building Cornerstones™ as our Chief Research Fellow.
    • Dr. Pfau is a Professor of Retirement Income and the Program Director for the RICP® designation at The American College®.
    • Dr. Pfau has his BA and BS from the University of Iowa, MA and PhD from Princeton University.
    • Dr. Pfau has written two white papers on WBC and the strategies within. He has also recently released his book, "Safety-First Retirement Planning", that references WBC. No other system has this level of academic backing and support.

2010s

  • 2011 - Safe Savings Rates: A New Approach to Retirement Planning over the Lifecycle, by Wade Pfau - 9p
    • 2004 - JFP - Determining Withdrawal Rates Using Historical Data, by William P. Bengen, jfp0304 - 13p
  • 2013 06 - JFP - The 4 Percent Rule Is Not Safe in a Low-Yield World, by by Michael Finke, Wade D. Pfau, and David M. Blanchett - 10p
  • 2014 - The Yin and Yang of retirement income philosophies, Sponsed by Challenger Unlimited, by Wade Pfau and Jeremy Cooper - [32p-download link]
  • 2015 05 - Optimizing Retirement Income by Combining Actuarial Science and Investments, Commissioned by OneAmerica, by Wade Pfau - 27p
  • 2015 07 - The Yin and Yang of retirement income philosophies: an abridged version, Challenger Unlimited, by Wade Pfau and Jeremy Cooper - 4p
  • 2015 0513 - Forbes - Improving Retirement Outcomes with Investments, Life Insurance, and Income Annuities, by Wade Pfau - [link]
    • [Bonk: Paper-?]
  • 2015 0515 - Letter - Wade Pfau to Whom it May Concern re: Wealth Building CornerstoneTM System - 37p
    • I have reviewed the Covered Assets strategy of the Wealth Building Cornerstones TM system and conclude that it is consistent with the strategy named "Scenario 3: Investments+ Single-Life SPIA + Whole Life" in the paper I wrote titled "Optimizing Retirement Income by Combining Actuarial Science and Investments" in May 2015.
  • 2015 0630 - Evaluating Investments versus Insurance in Retirement, by Wade Pfau - 6p
  • 2016 - SOA - Optimizing Retirement Income Solutions in Defined Contribution Retirement Plans A Framework for Building Retirement Income Portfolios, by Wade Pfau, research-2016-optimizing-retirement-income-framework-building - Society of Actuaries - 59p
  • 2017 - AP - Life Insurance as a Retirement Income Tool, Financial Services Review, by Russell DeLibero and Wade D. Pfau - 20p
  • 2017 - Optimizing Retirement Income by Combining Actuarial Science and Investments, by Wade D. Pfau - Commissioned by OneAmerica - 28p
  • 2018 - Building Integrated Retirement Income Strategies: With Traditional Investments, Guaranteed Income Annuities, and Whole Life Insurance, by Wade Pfau - 11p
    • New York Life Insurance Company funded this white paper
    • This material is intended for use by Registered Representatives with their clients and prospects.
  • 2019 - Letter - Wade Pfau to Whom it May Concern at The American College - re: Wealth Building CornerstoneTM System - 28p
  • 2019 04 -  Wealth Building Cornerstones - Integrating Whole Life Insurance into a Retirement Income Plan Emphasis on Cash Value as a Volatility Buffer Asset, by Wade D. Pfau and Michael Finke - 28p

2020s

  • 2020 - AP - Integrating Whole Life Insurance into a Retirement Income Plan Emphasis on Cash Value as a Volatility Buffer Asset, by Wade D. Pfau and Michael Finke - 20p
  • 2020 0715 - The Money Advantage - Dr. Wade Pfau: Maximize Retirement Income with Whole Life Insurance & Annuities - [VIDEO-YouTube-59:26]
    • 9 - Pfau - Annuity vs Life Insurance - Covered Asset Strategy
    • 17 - Bonds / Whole Life - Tax-Advantaged Account vs Taxable Accounts
      • Whole Life - Properly Structured - Primarily a Bond Portfolio - Insurance Company vs Personal Portfolio
      • Cash Value - Bonds - No Interest Rate Risk
    • 21 - Sequence of Return Risk - Longevity Risk - Volatility Buffer - Cash Value can't have losses
    • 38 - Whole Life vs Universal Life -
      • Pfau - Comes from Investment Area, learning about Life Insurance.
      • Underfunding policies
    • 40 - 4 L's of Retirement
  • 2021 0323 - Forbes - Treating Cash Value As A Fixed-Income Investment Choice, by Wade Pfau, The American College; Principal @McLean Asset Management - [link]
  • 2021 0402 - Forbes - Why You Should Consider Cash Value As A Fixed-Income Investment, by Wade Pfau, The American College; Principal @McLean Asset Management - [link]
  • 2023 - Integrating Whole Life Insurance Into Retirement Income Planning, by Wade Pfau - 24p
  • 2024 0208 - The Power of Zero - [David McKnight] - Is Cash Value Life Insurance a Good Bond Replacement? (With Wade Pfau) - [VIDEO-YouTube-08:23]
    • 2021 0323 - Forbes - Treating Cash Value As A Fixed-Income Investment Choice, by Wade Pfau, The American College; Principal @McLean Asset Management - [link]

Market America

  • 2021 0414 - Market America - Business Presentation from MAWC2021 | JR Ridinger and Andrew Weissman - [VIDEO-YouTube-01:27:16] 

  • 2023 0708 - Always Marco - When Celebrities Promote Pyramid Schemes -  [VIDEO-YouTube - <Bad Link>]
  • 2024 0131 - Always Marco - When Celebrities Promote MLMs: Market America - [VIDEO-YouTube-22:54]
  • 2018 0203 - Market America - Recruiting | JR Ridinger - [VIDEO-YouTube-02:29:40]
    • 34 - 
    • 39 - Market America Shopping Annuity, I don't talk about MLM - One Team, One Dream, Revolutionary Concept, Overthrow the Establishment, Mass Marketing, They never suspect MLM, etc. I've never had somebody ask me is this like one of those Pyramid Scheme, MLM or Network Marketing. Do you get Pyramid Scheme, MLM or Network Marketing.
    • 41 - Here's my Pitch. I have an opening / position. Can I practice on you?
    • 42 - Family
    • 44 - I get people out of it. You are doing it the wrong way. You look like an idiot doing it.
    • 44 - SAM - Shopping Annuity Master Member
    • 46 - We have the Technology to change the World. Google. 
    • 49 - I'm on your side. I'm trying to get you rich.
    • 50 - I haven't let anybody down, yet.
    • 51 - Stories, How dumb people got rich.
    • 52 - 3 foot rule
    • 52 - Kanye West
  • 2021 - 2016 - Market America - Recruiting and Upper Level Training: "The Method to the Madness" | JR Ridinger - [VIDEO-YouTube-0227:36:]
    • 01:00:00 - Middle Class Dying - All over the internet, etc. - You have the Answer. You have the Solution.
    • 01:03:00 - If you aren't successful, it's your belief.  
    • 01:04:00 - What's better? Your Job. 

2024 0503 – LC – Affidavit – Kelly Marier – Primerica – Primerica vs. Marco Moukhaiber – [Always Marco] – 29p

  • 2024 0503 – LC – Affidavit – Kelly Marier – Primerica – Primerica vs. Marco Moukhaiber – [Always Marco]  —  [BonkNote]   —   29p
  • 2 – 3. Mr. Moukhaiber has posted to YouTube the following videos, relating to or referencing Primerica and this proceeding (the “New Primerica Videos”).
  • 1-2 – 2. Counsel to the Plaintiffs sent an April 18, 2024, letter to Avnish Nanda, Counsel for the Defendant regarding the New Primerica Videos, as defined below. One of the attachments to the letter contained a screenshot that showed the Discord account handle belonging to an Osler employee (“green_dinosaur15”). Attached as Exhibit A is a copy of the April 18, 2024, correspondence.
    • 3 – 5. I am informed by green_dinosaur15 that when they went to access Multi-Level Marco on April 22, 2024, they had been blocked. Attached as Exhibit C is a screenshot of green_dinosaur15’s blocked attempt to access Multi-Level Marco.
      • 5 – Letter – April 18, 2024 – In contravention of the Order, Mr. Moukhaiber has: (i) indirectly referenced Primerica in his YouTube videos by, inter alia, referring to “a company he cannot say”, a company that is “primarily American” or a girl in her “prime” named “Erica”, referenced the litigation, and referenced my team as “assassins”; (ii) directed viewers to his Discord channel so that they may access the reposts of the “Infiltrating a Pyramid Scheme: Primerica” video; (iii) allowed members of his Discord channel to post discussions about this litigation, mentioning Primerica by name; (iv) misled viewers to believe that Primerica is harassing or has harassed Mr. Moukhaiber at his home, gym, and relatives’ homes, particularly in the “I’m Leaving Canada” YouTube video; (v) misled viewers to believe that his personal safety is at risk as a result of the conduct of Primerica or its counsel; and (vi) misled viewers that these proceedings is causing him financial hardship.
  • 6 – Impact of the video, “I’m Leaving Canada”, January 4, 2024 – Reddit Thread
    • User HuntsmansBoss posted: “As someone who worked in Primerica’s home office (the US one, not the Canadian one) I’m not surprised. He probably pissed off someone with a huge base shop (their word for pyramid) so they sent their minions after him. Some of them have literally hundreds of people in their downlines & the downlines are brainwashed enough to do what the upline says.  — They’re literally a cult. It’s terrifying” • User AudreyFish posted: “Holy shit what?? These Primerica people are NUTS. Time to lawyer up dude.”
    • Further examples are attached.
  • 8 – April 7, 2024: Live Stream “The Time Chris Hansen Exposed Amway”
    • Mr. Moukhaiber then follows with a section titled “MLM Hush Money”, in which he states: • 1:15:33: “I am the first person who… I can’t say too much but let me tell you… this trend of MLM companies just being able to buy peoples silence or hide it under the rug and continue to pay for the privilege of it not being exposed, it’s over. At least its coming to an end.” He then goes on to describe the hypothetical process of negotiating a settlement with an MLM, describing negotiated settlements as “hush money”.
    • 1:23:04: “if a video, hypothetically, were to come out that was made by an individual person who hypothetically worked on it for six months hypothetically, and it came out and became one of the biggest pieces of MLM content in history. And it was only up for let’s say, a little over a week and it got nearly a million views despite the platform it was posted on being a very small platform and it was just an astronomically big video that got an unheard of amount of views for a creator of that size, hypothetically, then they may, hypothetically, take action against that person and that person will have to make a choice eventually, am I going to fight, and prove and pull the mask off of the Scooby doo villain and show the world the truth? Or am I going to be faced with the decision of taking the hush money. We’ll see.”
    • 1:27:34: “nobody has ever done what I’ve done in terms of getting the pressure put on them, getting the harassment, getting the private investigator showing up at my home or whatever, and adapting by going to another part of the world and not folding. No one has every puffed their chest out like me and that’s a fact”.
  • 5 – April 14, 2024, “The Time I Fell for a Kevin O’Leary Scam”
    • At 18:25, Mr. Moukhaiber refers to my team as “assassins.” Then at 26:00, warns his followers that if anything happens to him, it likely has to do with the “situation”, implying that Primerica or my team pose some kind of risk of physical harm to him, which is defamatory, and absurd.
    • [Bonk: Senator Howard Metzenbaum]
    • [Bonk: A.L. Williams – “I wish you were there…”

Massachusetts Mutual – Tremont

  • 2011 0728 – NYT – Settlement of More Than $1 Billion From Madoff-Related Funds, By Reuters – [link]
    • Mr. Picard has said Tremont, based in Rye, N.Y., which is part of the Massachusetts Mutual Life Insurance Company, was the second-largest “feeder fund” group that funneled money to Mr. Madoff from its own investors.
    • He sued Tremont for $2.1 billion on Feb. 28, accusing it of missing “red flags” and “blindly relying on Mr. Madoff to drive their funds’ returns” for nearly 15 years.
  • State Law Securities Cases
  • In re Tremont Group Holdings, Inc. Securities Litigation, No. 09 Civ. 03137 (S.D.N.Y.).
  • Motley Rice represents an individual investor in consolidated litigation regarding investments made in Bernard L. Madoff Investment Securities, LLC, through a variable universal life insurance policy.
  • 2009 – AP – Enablers of Exuberance: Legal Acts and Omissions that Facilitated the Global Financial Crisis, by Jennifer S. Taub – 69p-ssrn.com-link
    • Another sophisticated investor was Tremont Holdings, Inc.
      • Tremont is part of the Oppenheimer Funds unit of Massachusetts Mutual Life Insurance Co.
      • Tremont lost over $3 billion in client assets after acting as a major―feeder‖ to Bernard L. Madoff Investment  Securities ponzi scheme.
    • Apparently, at least half of Tremont’s assets were invested (via assorted feeder funds) with Madoff.
    • Tremont attempted to refund money to clients by liquidating other assets, however it was blocked by many ―gates‖ and other restrictions on withdrawals from both private equity and hedge fund positions.505
    • Clients have sued, claiming that Tremont should have known about the fraud.
      • Tremont has denied the allegations.
        • It stands to reason, then that if Tremont is liable, then it failed in its responsibilities as a sophisticated investor.
        • If Tremont is not liable, then, it shows that sophisticated investors are incapable of monitoring
  • 2011 – LC – YALE M. FISHMAN 1998 INSURANCE TRUST v. AGL LIFE ASSURANCE COMPANY, TREMONT GROUP HOLDING, MASSACHUSETTS MUTUAL LIFE INSURANCE CO  – “Universal Life Insurance – [Doc 1-64p – <Bad Link>]
    • UNITED STATES DISTRICT COURT – EASTERN DISTRICT OF NEW YORK – Case 2:11-cv-00211-JFB -AR 
    • Supreme Court of the State of New York, County of Nassau – Index No. 601094/20 10

Allen Stanford

  • 2024 0615 – SLICE Full Doc – Allen Stanford: The Man Behind One of the Biggest Fraud in History | FULL DOCUMENTARY – [VIDEO-YouTube-53:40]
    • 4 – Birth: 1950, Mexia, Texas
    • 4 – Father – James – Insurance
    • 20 – Grandfather – Stanford Insurance
  • 2009 – SEC – Securities and Exchange Commission v. Stanford International Bank Ltd
  • 2009 – LC – UNITED STATES OF AMERICA vs ROBERT ALLEN STANFORD
    • Case 4:09-cr-00342
    • Document 875 – DEFENDANT’S RESPONSE TO THE GOVERNMENT’S SENTENCING MEMORANDUM – 18p
    • Document 866 – UNITED STATES’ SENTENCING MEMORANDUM – 34p 
  • 2009 – LC – PEGGY ROIF ROTSTAIN THE OFFICIAL STANFORD INVESTORS COMMITTEE vs TRUSTMARK NATIONAL BANK, HSBC BANK PLC, THE TORONTO-DOMINION BANK, INDEPENDENT BANK F/K/A BANK OF HOUSTON, SG PRIVATE BANKING (SUISSE) S.A., and BLAISE FRIEDLI
    • Case No. 3:09-CV-02384-N
    • UNITED STATES DISTRICT COURT – NORTHERN DISTRICT OF TEXAS – DALLAS DIVISION
  • 2011 0513 – GOV (House) – The Stanford Ponzi Scheme: Lessons For Protecting Investors From The Next Securities Fraud, Randy Neugebauer (R-TX)
    • [PDF-289p, VIDEO-?]
    • House – Committee on Financial Services – Subcommittee on Oversight and Investigations
  • 2011 – LC –
    • No. 11-10932
    • IN THE UNITED STATES COURT OF APPEALS – FOR THE FIFTH CIRCUIT
    • This consolidated appeal arises out of an alleged multi-billion dollar Ponzi scheme perpetrated by R. Allen Stanford through his various corporate entities.

Randy Stelk

  • A.L. Williams
  • Future First Financial Group
  • 2002 0820 – Letter – David M. Levine, Conservator to Future First Investor – RE: Future First Financial Group – Now In Conservatorship – Randy Stellk – 7p – <Bad Link>
  • 2003 – LC – MICHELSON v. Future First Financial Group, Inc., Randy Stelk, Fidelity Group, Inc., and Charles R. Sussman, Defendant-Appellants – Court of Appeals of Michigan.

Viatical Settlements

  • Life Settlements
  • NAIC Viatical Settlement Working Group
  • 2003 0515 – GOV (House) – Retirement Security: What Seniors Need to Know About Protecting Their Futures, Richard H. Baker (R-LA)  —  [BonkNote]
    • NAIFA – Testimony – David F. Woods, CEO, National Association of Insurance and Financial Advisors – 21p
  • 2005 – LR – Viatical Settlement Industry: Does Mutual Benefits Render It Terminal?, by Florence Bih Shu-Acquaye & Elisabeth Divine Reid – 63p
  • Thomas Moran, who works for The Heritage Group, stated at the NAIC Viatical Settlement Working Group meeting on March 8: “The biggest problem the viatical provider companies are having is incorrect life expectancies…People are living too long…As a result the problem manifests itself in the premium reserve diminishing too fast and the money is not there to pay premiums.”

https://www.soa.org/globalassets/assets/library/newsletters/actuary-of-the-future/2003/october/afn-2003-iss15-winer.pdf