Vermont became the latest state to regulate and provide firm disclosure guidelines regarding the selling and marketing of stranger-originated life insurance policies. This legislation is aimed at curbing the esclating schemes directed at seniors to part with their life insurance policies. Often times, seniors are not given the necessary information to make an informed decision regarding the positives and negatives in selling their life insurance policy. Florida and other states have already passed similar legislation.
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by Daniel W. Gerber and Kimberly E. Whistler