Expert No. 128590 – Insurance Expert – CA(N) / CA(S)
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Expertise Description: MBA, CLU, AEP – Consulting expert in Insurance and Finance with more than 25 years experience in the field. Expertise includes: standard of care involving representations, presentations, sales and placement of life insurance products by licensed agents and Registered Representatives (who sell life and annuity products qualifying as “securities”); supervision issues of broker dealers and their registered representatives; suitability issues surrounding the sale of securities by registered representatives; assessing and evaluating life insurance policy illustrations for sustainability of the underlying insurance products; stochastic analysis (“Monte Carlo”) of variable life and annuity products; inappropriate sale of financial plans utilizing life insurance products, such as so-called welfare benefit plans (419(A)(f)(6)) and fully insured pension plans (412(i)); illustration and use of “premium financing” to support large premium / death benefit policy sales; “Stranger Owned Life Insurance” sales; and “Life Settlement” sales. Chartered Life Underwriter (CLU). Accredited Estate Planner (AEP). Over 15 years expert witness experience. Consultations, depositions, and courtroom testimony.
Areas of Expertise:
| Actuary | Financial Planning | Life Insurance |
| Annuities | Insurance | Securities |
| Finance | Insurance Fraud | Standard of Care |
| Financial Consultant | Insurance Umpire | |
| Financial Consulting | Life Expectancy |
Representative Litigation Experience:
- Mis-sold life insurance, health insurance, disability insurance, and annuities.
- Standards of care for insurance agents and brokers.
- Life insurance policy illustration misrepresentation.
- Mis-sold insurance damage assessment.
- Financed life insurance premiums (i.e. promising "free" life insurance).
- Welfare benefit plans (i.e. promising "deductible" life insurance premiums).
Representative Consulting Services and/or Projects:
- Determine client's genuine insurance needs.
- Assist in selecting an insurance broker.
- Facilitate review of medical records before being submitted to an insurance company.
- Review of existing policies for independent, objective opinion of sufficient premiums.
- Premium sufficiency calculations for variable life insurance using Monte Carlo analysis.
Licenses & Certifications:
| Licensed for consultation on life , health, long term care, disability, and annuities. |
| Variable product license (consultation). |
| Accredited Estate Planner |
| Chartered Life Underwriter |
Education:
| Degree | Subject | Institution | |
|---|---|---|---|
| MBA | Finance and Insurance | University of California, Berkeley |
Professional Appointment/Association Affiliations:
- Longtime life insurance salesperson.
- Adjunct faculty, California Lutheran University
- Society of Financial Service Professionals
Awards & Honors:
| Kenneth Black, Jr. Leadership Award, Society of Financial Service |
| NAEPC Estate Planning Hall of Fame |
| Best Paper Award, Academy of Financial Services |
Other Career Highlights:
| Regular columnist for two industry publications. |
| Authored book on life insurance. |
