July 30, 2010
I have voted Democrat for years and years, but now I see what the Republicans are talking about when it comes to TOO much governmental oversight. If your intention is to demolish the life insurance industry, applying fiduciary standards is a sure way to do it. Applying fiduciary standards won't change anything in terms of who gets sold what policy, it will just cause a lot of wasted hours for the industry, resulting in less productivity overall.