Unethical practice from the life insurance sales staff
By clorissa123
@clorissa123 (4926)
United States
April 7, 2009 3:41pm CST
I read an article in a magazine, some undercover investigators found out the some life insurance sales staff unethically sale our innocent senior citizens "variable annuity", a product that is trash to them. In some insurance classes, those insurance sales coaches taught those salesman how to con old people's money with "Variable Annuity". Those are the life earnings those grandpa and grandma work so hard to make. How could those people done such thing to old people. Don't they have moral? What do you think of it?
3 responses
@larish (2234)
• Philippines
9 May 09
I still believe that there are still life insurance agent/financial adviser who protects their integrity. Its not only in the life insurance sector that has been an unethical issues/practices, any profession or nature of business has this kind of scenarios. I think it still best to be fair in judging people and not to generalize.
@valpopa (154)
• Italy
7 Apr 09
I don't usually expect to find moral values in a salesman, especially if he or she works for the insurance company. After all the insurance companies have the sole purpose of sucking away money from people, because they immediately ask for money in order to keep your policy active and as soon as something happens to you and need the coverage funds they turn away from you..and you will have to pay a lawyer to get the money out of pockets which in the end are your money. So, rippin off some old folks is part of the game these people are playing...i'd say is a legal crime.
@owlwings (43910)
• Cambridge, England
7 Apr 09
No, most salesmen have no morals unless they are forced on them by regulations. Likewise, the companies that hire them are only interested in how well they can sell their products.
