1 Insurance Brokers and Agents are Strong Politicians
Insurance agents and brokers are often aggressive by nature.
There is an old saying that life insurance is sold and not bought. Life insurance is often a difficult product to sell because it is intangible you can not touch the impact it can have.
Over the past decade as the financials pillars within the industry continue to dissolve banks are trying to get a foot hold in the insurance industry.
Insurance brokers and agents and the major associations that represent them continue to try and block their pathway.
An example of this On Friday, December 16, 2011, the Minister of Finance, the Honourable Jim Flaherty, announced the federal government would introduce legislation as soon as possible to prohibit banks from offering financial products that are structured in a manner similar to annuities.
The decision was part a product of aggressive lobbying by Advocis – wgich represents Insurance and Financial Advisors across Canada
Advocis is the oldest and largest voluntary professional membership association of financial advisors and planners in Canada. They have more than 11,000 members organized in 40 chapters across Canada, Advocis members serve the financial interests of millions of Canadians.
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