Business News
Upcoming Podcast: Much Needed Answers for Those in the Life Insurance Industry
Agents, IMO's, and Carriers Must Pivot Operations due to Revised TCPA Regulations
Written by: Paul Bloodsworth
February 26, 2024
[5 minute read]
Scheduled to Release: Sunday, March 3, 2024
About the Upcoming Podcast
Host
Paul C. Bloodsworth
Licensed Financial Advisor
Lead Generation Consultant
Guest
Eric J. Troutman
Czar of the TCPA
Telecom Attorney
You asked for answers. We're bringing the answers.
The final production will be published on the Excel Media website as well as these platforms:
So, Why is This Interview Important??
Well, if you are connected to the life insurance and financial planning industries, you WIIL BE affected by the latest FCC rulings. If you have not yet learned of the FCC's recent rulings, I strongly suggest that you pause your reading now, and first check out our previous article summarizing the the December 13, 2024 announcement. Here's the link:
FCC Closes the "Lead Generation Loophole" What it Means for the Life Insurance Industry.
It's important to understand the major ramifications of this ruling and how advisors can contact prospects. Think about it.... How many advisors purchase Aged Leads?? How many purchase Live Transfers??
**I am not only interested in how to remain compliant as an advisor; I want to know what these rulings mean for lead generators. I have spent the last 2 years building programs that provide high-quality leads that are 100% TCPA compliant, all while combatting and documenting the unethical lead generation practices that have plagued the life insurance industry.**
If you'd like to watch our videos that cover the cringe side life insurance practices, I will link a few here:
- Lead Vendors are Screwing Agents. Here's the Proof
- Project 200? Why Would You Ever Do This?
- Kool-Aid Insurance Agents: The Truth on Recruiting
- The Brown Wall: Throwing it Against the Wall, Hoping it Sticks (YT wouldn't monetize this one...)
Fun Fact:
Napoleon Hill mentions the life insurance industry 28 times in the Law of Success
So, Why Eric Troutman?
With so much on the line, speculation and guessing simply will not do. There are very large implications for those who choose to be noncompliant after these rulings are final. Eric is on the front lines.
Eric has earned the title, the Czar of the TCPA. Believe me, I'll be asking for details behind this titling. I highly doubt the name was achieved without merit. Eric is one of the best known attorneys in this space. Troutman Amin LLC is nationally recognized in TCPA litigation and compliance.
Many law firms are anticipating a "surge in lawsuits" against companies who generate and resell leads as well as the agents who are calling the prospects without "prior express consent."
In the interview, Eric and I will cover the Do's and the Don'ts for not only insurance agents, but also for IMO's, FMO's, BGA's and carriers.
Also, I highly suggest you follow Eric and his team as they continue to provide valuable insights and updates as these rulings pass through Congress and Senate.
Don't Miss this Highly Anticipated Interview!!
The Life Insurance Industry is inevitably bound for change.
Learn more about Eric and Troutman Amin, LLP.
Check out the links and other media below.
Wrapping Up...
The Life Insurance Industry is about to get rocked by this new FCC ruling. It's predicted that claims will increase dramatically against agents, brokers, IMO's, brokerages, and carriers. A single agent has the potential to trigger a cease and desist order upon an entire organization. New strategies must be developed to offset a forecasted decrease in life insurance production.
Watch our video covering the December 13th FCC Ruling. At the end, we share an interesting analysis and potential forecast on sales based on our survey results from last year. In the survey, we ask life insurance agents and brokers to let us know which lead type provides the bulk of their written business. Do you think this is an indicator of what's upcoming?...
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