1995 1120 – NP – The Tampa Tribune – MetLife Case Became Too Much for Whistleblower – [Kirby Grayson], by Cheryl Jackson

  • 1995 1120 – NP – The Tampa Tribune – MetLife Case Became Too Much for Whistleblower – [Kirby Grayson], by Cheryl Jackson  —  [BonkNote]

20 Nov 1995, Mon The Tampa Tribune (Tampa, Florida) Newspapers.com

20 Nov 1995, Mon The Tampa Tribune (Tampa, Florida) Newspapers.com

MetLife – Index

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Agent – Turnover Rate

  • 1993 1228 – NYT – New Refunds for Misled MetLife Customers, (discussing the Metropolitan Life Insurance Company’s involvement in such practices) – , by Michael Quint – [link]
    • Metropolitan will move back toward more central control through the training of new employees, Mr. Kamen said.
      • In the company’s sales force of 13,000, turnover is high enough to require the training of about 4,000 to 5,000 new people each year. Under the new policies, training will still take place locally, but will follow more closely a model designed by headquarters.

Guy Baker

  • 2012 0110 – resource44 – Guy Baker – The Box – [VIDEO-YouTube-12:45]
  • 2022 0915 – InsuranceNewsNet – Can Life Insurance Rescue Your Client’s Retirement? – [Guy Baker / John Hilton] – [VIDEO-YouTube-01:01:24]
  • 2023 0918 – Dustin Wylie – Episode 3: Guy Baker Ph.D., MBA, MSFS, CEPA on Whole Life vs Universal Life with 58 years experience – [VIDEO-YouTube-45:58]
    • 18 – Universal Life same policy mechanics as Whole Life
    • 31 – Can’t lose money – 
    • Infinite Banking – 

Seed – Harvest

  • 7702a
  • tax planning
  • “seed” “harvest” “roth”
  • Doug Andrew
  • 2018 – Book – The AND Asset: The Secret Way to Save And Use Your Money at The Same Time, by Caleb Guilliams
  • FFL – Family First Life
  • Tom Hegna
  • Van Mueller
  • Eric Olson
  • PHP – People Helping People – 7-Figure Squad – Matt Sapaula

2018 0122 – The Financial Advocacy Podcast / David Kinder – Van Mueller | State Farm Agent Training Feb 2017 (Complete)  —  [BonkNote]  —  [VIDEO-YouTube-04:04:06]

 

02 Nov 1999, Tue The Salt Lake Tribune (Salt Lake City, Utah) Newspapers.com

  • Many people increasingly like the idea of paying taxes now on savings for retirement knowing they will not have to pay taxes on the growth or the distribution of that savings.
  • The most common financial vehicles that do that are a Roth IRA, tax-free municipal bonds, and cash value life insurance.
  • ⇒ I like to say it this way, if you were a farmer, would you rather pay tax on the seed or the harvest?
    • I think almost every farmer would rather pay tax on the seed. It works the same way with money.

2013 – MDRT – How to Use the Low-Interest Environment to Drive Life Sales, by Tom Hegna, at MDRT Conference – 18p

  • 15-?- Indexed – Hybrid of Fixed and Variable, Can’t lose any money. Stairway to heaven, upside no downside. Most people don’t know about Indexed. Because people don’t have the right licenses. Tax now, Tax later, Tax Advantaged / Free. Farmer / Seeds / Harvest – Government, 401k, Benefits the government, 

2023 0815 – Diberli – Pinnacle Elite Overview by Eric Olson of World Financial Group  —  [BonkNote]   —  [VIDEO-YouTube-35:39]

  • 2021 – MDRT – Million Dollar Round Table – Guiding clients to requesting life insurance – [Guy E. Baker, MSFS, Ph.D] – [VIDEO-YouTube-15:39]
    • 5 – 
    • 9 – How Life Insurance Works
      • Cost, Life Expectancy, Adverse Selection –
        • Mid-1800’s – Company Bankruptcies
        • Actuaries – Box, Compound Interest, Curve, Interest Rate, 
        • “Fill the Box or pay the Curve.”
  • 2022 0323 – MDRT – Million Dollar Round Table – How life insurance keeps family fortunes – [Brad Brain, CFP, CLU, of Canada] – [VIDEO-YouTube-03:14]
    • [Bonk: Doesn’t use “Seeds” “Harvest” – uses “Pennies” “Dollars”]

A.L. Williams – Lawsuits

1980s

  • 1986 – LC – James D. Conder v. A.L. Williams
    • Brief of Respondent – 36p
    • Case No. 20297
    • Utah Supreme Court
    • Appeal from the Judgment of the Third District Court, Salt Lake County, The Honorable Scott Daniels
  • 1986 – LC – KELLY v. A. L. WILLIAMS CORP
    • Eddie Ray KELLY and Jerry Carroll, Plaintiffs
    • Alabama
    • 669 F. Supp. 1058 
  • 1988 – LC – Gilliland v. A L. Williams
    • 88-cv-01318-RBP
    • Robert B Propst, presiding
    • Date filed: 08/08/1988, Date terminated: 08/04/1989
  • 1989 – LC – A.L. Williams Associates v. Randy Stelk
    • Nos. 89-8765, 90-8855
    • casetext.com/case/al-williams-associates-v-stelk
    • Court: United States Court of Appeals, Eleventh Circuit
    • Opinion – Date published: May 18, 1992
      • MILICO insurance is sold through a pyramid-type marketing plan by which Williams’ agents both sell and recruit others to sell insurance. Agents, most of whom work part-time, earn commissions from personal sales and the sales of each agent they recruit.
    • Appeals from the United States District Court for the Northern District of Georgia
  • 1989 – LC – Rothenberg v. A.L. Williams, C.A. No. 10060 (Delaware. Ch.)
  • 1989 – LC – John Phillip WILLIAMS v. A.L. WILLIAMS ASSOCIATES, INC
    • 88-404
    • Court: Supreme Court of Alabama
    • Date published: Dec 8, 1989
    • 555 So. 2d 121 (Ala. 1989)
    •  This Court held that the irreconcilable verdicts indicated confusion on the part of the jury, and reversed and remanded for a new trial. A.L. Williams Associates v. Williams, 517 So.2d 596 (Ala. 1987).
    • ALW is a corporation with a multi-level marketing plan to sell insurance and securities. ALW is the general agent for Massachusetts Indemnity and Life Insurance Company (“MILICO”) and supplies all of MILICO’s sales agents. MILICO policies can be sold only by agents who also have contracts with ALW.

1990s

  • 1990 – LC – In re A.L. Williams Corp. Shareholders Litigation, C.A.
    • No. 10881 (Delaware Ch.)
  • 1991 – LC – Kirkland v. A L W Marketing Corp
    • 2:91-cv-01292-WMA
    • William M Acker, Jr, presiding
    • Date filed: 06/05/1991, Date terminated: 06/11/1991, Date of last filing: 07/08/1991
  • 1993 – LC – A.L. Williams & Associates; Massachusetts Indemnity and life Insurance Company,
    • Plaintiffs-appellees, counter-defendants, v. Randy Stelk; Timothy Hunter; Willard H. Colson, Jr., D/b/a mid-american Investors, Defendants-appellants, counter-claimants, investors Life Insurance Company of Nebraska, Defendant, amerishare Investors, Inc., Defendant-appellant. a.l. Williams & Associates, Inc., Massachusetts Indemnity and Life Insurance Company, Plaintiffs-counterd efendants-appellees, v. Randy Stelk, Timothy Hunter, Defendants-counter Claimant-appellants, willard H. Colson, Jr., D/b/a Mid-american Investors, defendant-counter Claimant-appellant, investors Life Insurance Company of Nebraska, defendant-counter Defendant, amerishare Investors, Inc., Defendant-counter Defendant-appellant – law.justia.com/cases/federal/appellate-courts/F2/981/489/21913/
    • 981 F.2d 489 (11th Cir. 1993)
  • euriborsettlement.com/docs/Settlement%20with%20Deutsche%20Bank%20AG%20and%20DB%20Group%20Services%20(UK)%20Ltd/33.pdf
    • Andrew Watt is a staff attorney based in our New York office focusing on securities and antitrust litigation. Mr. Watt worked at the firm as an associate from 2005 through 2008. He then returned to work with the firm as a staff attorney in 2010.
      • In re A.L. Williams Corp. Shareholders Litigation, C.A. No. 10881 (Delaware Ch. 1990). Lead counsel. Benefits in excess of $11 million.
      • Rothenberg v. A.L. Williams, C.A. No. 10060 (Delaware. Ch. 1989). Lead counsel. Benefits of at least $25 million to the class.

Charles D. Adams

  • Charles D. "Boe" Adams
  • A.L. Williams
  • b. June 1, 1934 - d. October 27, 2010 - howardfuneralservice.com/obituary/charles-adams
    • Mr. Adams lived many years in Atlanta and in 1978 he co-founded the A.L. Williams Insurance Company.
    • Honorary pallbearers will be Art Williams...
  • A.L. Williams
    • 1990 1111 - NP - Asbury Park Press - This Isn't Just Insurance: When A.L. Williams Pitches, Agents Listen, by Ames Alexander  ---  [BonkNote]
      • Williams now refers to Adams as the "genius" behind the operation.
      • Charles D. "Boe" Adams = "Mastermind" / "Genius" behind A. L. Williams
  • LSL - Lifetime Security Insurance of Denton, TX
  • LSL Corporation of Denton, TX
  • Progressive National Corporation, Illinois Holding Company
  • Progressive National Life Insurance
  • SEC
  • Arkansas, Missouri, Texas, Georgia
    • From Leachville, Arkansas, Born in El Paso, Texas
  • TimeLine - approximate dates
    • 1954 - High School - Leachville High School
    • [Bonk: Is this the same Charles D. Adams who was involved with A.L. Williams?]
      • 1956 - SEC - 22nd Annual Report of the Securities and Exchange Commission - SECAR - 147p
        • p63 / 85 - Suspensions Orders - Charles D. Adams, Joseph H. Neebe as the Friendly Persuasion Co., New York; Securities Act - Release No.3654 - (June 28, 1956) 
    • 1958 - College - Graduated from Arkansas Tech
    • 1958 - Arkansas - High School Sports Coach - Bergman
    • 1959 - Arkansas - High School Sports Coach - Mountain Home High School
    • 1960 - West Point - Physical Education Instructor
    • 1960-1968 - Little Rock, Arkansas - Insurance Company - Agent-?
    • 1961-1962 - Arkansas - High School Sports Coach - Bentonville High School
    • 1963-? - Missouri - High School Sports Coach - Miller High School
    • 1968-1972-? - Founder, President of LSL Corporation, Lifetime Security
    • 1974 - Bad Check - Empire Bank
    • 1975 04-1976 06 - Prison - (14 months in Federal Prison)
      • Unregistered Securities used for Collateral for Bank Loan
    • 1977 - Teamed up with Art Williams to form A.L. Williams.
      • 1990 1111 - NP - Asbury Park Press - This Isn't Just Insurance: When A.L. Williams Pitches, Agents Listen, by Ames Alexander  ---  [BonkNote]
        • With no formal business education or corporate management experience, Williams formed his own insurance agency in 1977, teaming up with Charles D. "Boe" Adams, who was earlier convicted of stock and land fraud.
  • 1990 1111 - NP - Asbury Park Press - This Isn't Just Insurance: When A.L. Williams Pitches, Agents Listen, by Ames Alexander  ---  [BonkNote]
    • The sales troops have been without their leader since July, when Williams announced that he was taking a leave of absence to cooperate with an FBI investigation into his unorthodox insurance sales firm.
    • With no formal business education or corporate management experience, Williams formed his own insurance agency in 1977, teaming up with Charles D. "Boe" Adams, who was earlier convicted of stock and land fraud.
    • Williams now refers to Adams as the "genius" behind the operation.
    • Outside his Atlanta office, Williams reportedly kept a life-size portrait of Adams, bearing the inscription "The Mastermind."
  • 1988 0211 - FR - Federal Register - 122p
    • [Release No. IC-16254; File No. 812-6678]  - Charles D. Adams; Filing of Application
    • Applications, hearings, determinations, etc.:
      • p4092-4093 - Charles D. Adams - On April 4,1975, Adams pled guilty to one count of a three-count indictment. US. v. Adams, No. S-74-16-cr.  (E.D. Tex. filed Oct. 4,1974).
      • This case involved the alleged issuance and sale by Adams of unauthorized LSL stock certificates.
      • Because more ten years have elapsed since the conviction, the Prohibitions of section 9(a)(1) of the Act are not applicable to Adams by virtue of that conviction.
  • [Bonk: Is this the Same Charles D. Adams who was involved with A.L. Williams?]
    • 1956 - SEC - 22nd Annual Report of the Securities and Exchange Commission - SECAR - 147p
      • p63 / 85 - Suspensions Orders - Charles D. Adams, Joseph H. Neebe as the Friendly Persuasion Co., New York; Securities Act - Release No.3654 - (June 28, 1956) 
    • 1956 - Federal Register -
      • p40 / p4982 - Charles D. Adams and Joseph H. Neebe as "The Friendly Persuasion Company," File No. 24NY-3460 - 52p

13 Apr 1963, Sat The Springfield News-Leader (Springfield, Missouri) Newspapers.com

  • 1973 1101 - NP - Denton Record-Chronicle - City Firms Named In SEC Action  ---  [BonkNote] 
  • 1973 1106 - SEC - SEC News Digest - 73-214 - (SEC Docket, Vol. 2, No. 21 - Nov. 20) - 8p
    • p2 - COURT ENFORCEMENT ACTIONS
    • COMPLAINT NAMES LSL CORP., OTHERS. The Fort Worth Regional Office announced the filing on Oct. 31 in federal district court at Sherman, Texas of a complaint seeking to enjoin LSL Corporation, Lifetime Security Life Insurance Company, Dynacredit, Inc.,
      Affiliated Securities Corporation, Charles D. Adams, Jack H. Browder and Reynolds Griffith, all of Denton, Texas, Sam F. Hindsman, Jr., Little Rock, Arkansas and Billy J. Tucker, Dallas, Texas, from violations of the anti-fraud and false prospectus provisions of the securities laws in the offer and sale of thc common stocks of LSL Corporation and Lifetime Securities Life Insurance Company. (LR-6l25)
  • 1974 0104 - SEC - SEC News Digest - Issue 74-3, (SEC Docket, Vol. 3, No. 9 - Jan 15) - 4p
    • COURT ENFORCEMENT ACTIONS
      • CHARLES D. ADAMS. OTHERS ENJOINED. The SEC Fort Worth Regional Office announced that Federal District Court at Tyler, Texas permanently enjoined by consent Charles D. Adams, Harrison, Arkansas, formerly of Denton, Texas; Reynolds Griffith, Denton; and Billy J. Tucker, Dallas, Texas, on December 7, 1973, and Jack H. Browder, Denton, on December 21, 1973.
      • The orders enjoin Adams, Browder, Griffith and Tucker from further violations of the antifraud provisions, and Adams, Griffith and Tucker from further violation of the false prospectus provisions of the securities laws. The defendants consented to the orders without admitting or denying the allegations in the Commission's complaint. (LR-6l89)
  • 1974 0113 - NP - Springfield Leader and Press - newspapers.com/article/springfield-leader-and-press/149445314/ 
  • 1975 0424 - NP - Denton Record-Chronicle - Adams Please Guilty to LSL Stock Charge -
  • 1976 0917 - NP - The Springfield News-Leader - Circuit Court - Civil Cases - 
    • 1977 0112 - NP - Springfield Leader and Press -
  • 1990 1111 - NP - Asbury Park Press - This Isn't Just Insurance: When A.L. Williams Pitches, Agents Listen, by Ames Alexander  ---  [BonkNote]
    • The sales troops have been without their leader since July, when Williams announced that he was taking a leave of absence to cooperate with an FBI investigation into his unorthodox insurance sales firm.
    • With no formal business education or corporate management experience, Williams formed his own insurance agency in 1977, teaming up with Charles D. "Boe" Adams, who was earlier convicted of stock and land fraud.
    • Williams now refers to Adams as the "genius" behind the operation.
    • Outside his Atlanta office, Williams reportedly kept a life-size portrait of Adams, bearing the inscription "The Mastermind."
  • 1994 - SEC - THE TRAVELERS INC. - Annual Report on Form 10-K - For Fiscal Year Ended December 31, 1994 - sec.gov/Archives/edgar/data/831001/0000950112-95-000845.txt
    • Exhibit Filing - Number Description of Exhibit
    • 10.14 Restated and Amended Agreement of Charles D. Adams dated as of November 1, 1989 for the benefit of each of the Company, A.L. Williams & Associates, Inc. and The A.L. Williams Corporation, incorporated by reference to Exhibit 10.17 to the Company's 1990 10-K.

1981 0118 - NP -The Palm Beach Post - Policy Warfare: Term vs. Whole Life, by Leonard Sandler

18 Jan 1981, Sun The Palm Beach Post (West Palm Beach, Florida) Newspapers.com

18 Jan 1981, Sun The Palm Beach Post (West Palm Beach, Florida) Newspapers.com

1980 1116 - NP - Fort Lauderdale News - A.L. Williams Grows Despite Controversy, by Karen Southwick -

  • Better Business bureaus in Birmingham, Ala. and Dallas, Texas have issued reports questioning A.L. Williams' sales and recruitment techniques. Dallas BBB staff members who attended Williams seminars questioned several aspects, "including misleading use of third-party (non-industry) sources, incomplete information concerning the company's Investment programs and  the representation that the market cannot be saturated by overrecruited.
  • Nationwide, according to their own figures. A.L. Williams has grown from 950 licensed agents in 1977 to 2.800 in 1978. 7,000 last year and 32.000 this year.  "It appears he (Williams) has taken the insurance replacement concept and combined that with a pyramid marketing approach." said Jack Jansen, certified financial planner with Waddell and Reed Inc.
  • Fitzpatrick said modified term is generally presented as best life insurance product available to prospective customers because of its flexibility and low cost. But he said customers are presented the Williams plan and asked to compare it to what they have. "If ours is better, we want compete with your business," is what customers are told, He said.

16 Nov 1980, Sun Fort Lauderdale News (Fort Lauderdale, Florida) Newspapers.com

16 Nov 1980, Sun Fort Lauderdale News (Fort Lauderdale, Florida) Newspapers.com

1978 1112 - NP - The Atlanta Constitution - New 'Deposit Term' Insurance Creating Uproar in Industry - [A.L. Williams], by Joe Ledlie

12 Nov 1978, Sun The Atlanta Constitution (Atlanta, Georgia) Newspapers.com

12 Nov 1978, Sun The Atlanta Constitution (Atlanta, Georgia) Newspapers.com