The Glenn Neasham case and the downside of regulation

By Jeffrey Reeves MA

EUREKONOMICS[tm]


What Glenn Neasham is suffering is criminal.

What Glenn Neasham did when he sold an annuity was not criminal. However, this is what America faces if we don't act and demand the return of common sense, common decency and fiscal responsibility to government at all levels. That means serious downsizing of regulatory agencies that grow like malignant viruses when left unchecked.

In 1999 I discarded my securities rep status — although I admit it was rather dusty from lack of use — to refocus on traditional life insurance sales. I did that because the compliance environment for even the simplest of regulated sales had become unbearable for me.

In 2003, selling annuities looked like a pretty good strategy. Even that ended up more convoluted and complicated that the internal workings of an advanced design automaton — go see the movie Hugo if that doesn't make sense to you.

In 2006 I returned home to the basic values of the insurance and financial advisory industry as a writer and mentor for life insurance agents that are committed to helping middle America with debt elimination, income security, accumulating abundant cash and legacy preparation.

Today, lawsuits target every aspect of our business and have made a criminal of a compassionate, ethical, responsible and honest agent and adviser, while behemoth multinational businesses like Allianz that manufactured and profited from the sale of the annuity don't lift a finger to help.

Allianz would rather stand aside and count the money it passes on to shareholders at policy holders and agents expense.

Freedom? Liberty? They are not fading away. They are being openly attacked and intentionally destroyed in the name of "fairness."

Get off your butt!