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In this episode, we ask:
- What do you think of when you think of tried and true products?
- What if I told you of a product that failed 90% of the time?
- What about life insurance?
- Where is the scandal?
- Where is the front page news?
- Who is Elan Moas?
- What is Elan’s experience?
- What happened during the subprime mortgage crash?
- What flaws did Elan discover in universal life insurance?
- What does a “lapsed policy” mean?
- What was happening to 9 out of 10 of these universal life policies?
- What about dividends?
- What is getting wiped out?
- How many in-force illustrations did Elan run on the software?
- What happened with updated interest rates?
- To whom did Elan reach out?
- Would you like to read the book Lapsed, The Universal Life Insurance Whistleblower?
- Is an in-force illustration holy?
- What are the takeaways?
Elan Moas, a seasoned financial advisor with over fifteen years in the industry, leverages his extensive experience and regulatory acumen to navigate the intricate world of universal life insurance. Holding multiple licenses including Series 6, 7, 63, 65, 2-15, and 2-20, Elan is a recognized advocate for ethical practices in financial advisory.
As the author of “Lapsed, The Universal Life Insurance Whistleblower,” Elan has scrutinized over 5,000 individual policies, uncovering structural flaws that have led to significant regulatory attention. His work includes submitting four SEC Whistleblower tips from 2016 to 2024, highlighting the high “lapse” rates and inherent issues within universal life insurance policies, particularly at major insurers like MetLife.
Through Moas Consulting, Elan provides ethical life insurance guidance, training for professionals, university lectures, and expert witness testimony. He has also shared his insights on various podcasts, becoming a sought-after voice on matters of financial integrity and consumer protection.
