Petition updateEnact the Insurance Bill of RightsHow The Insurance Bill of Rights Is Changing The Insurance Industry

Tony SteuerAlameda, CA, United States

Sep 23, 2016
Thank you for your support of The Insurance Bill of Rights . The Insurance Bill of Rights Movement is growing and is starting to change the Insurance Industry.
Over the last month, the Insurance Bill of Rights Petition on Change.org reached the top 15% of petitions in terms of the amount of support. This is huge achievement and means that many would like to see The Insurance Bill of Rights as the Code of Conduct for The Insurance Industry. Physician's have the Hippocratic Oath and so should the Insurance Industry.
Please help spread the word and share this by email and social media. We can effect positive change in the insurance industry.
As the Insurance Bill of Rights Movement grows, The Insurance Bill of Rights Seal is now available to all members of the insurance industry including insurance companies, insurance agents, insurance brokers, insurance wholesalers, vendors and other members of the Insurance Industry who are take The Insurance Bill of Rights Pledge (here).
As the movement grows, the Insurance Bill of Rights Seal has been updated and is evolving - the word Consumer was removed to reflect that is for the entire insurance industry AND for Consumers:
The Insurance Bill of Rights Requires Insurance Agents, Insurance Brokers, Insurance Companies and all of those involved in the distribution and servicing of Insurance Policies to place The Insurance Consumer’s Interests first to the best of their ability. Doctor's have the Hippocratic Oath and The Insurance Insurance Industry now has The Insurance Bill of Rights. All holders of The Insurance Consumer Bill of Rights Seal agree to follow these Best Practices:
There is also an updated video on the Insurance Bill of Rights which you can view at Change.org.
And the Insurance Bill of Rights is making the news:
This Is What's Wrong With How Whole Life Insurance Is Sold, Forbes.com (re-printed on Nerdwallet.com, Huffingtonpost.com, Nasdaq.com and The Oklahoman)
Sign the “Insurance Bill of Rights,” a petition created by Tony Steuer from InsuranceLiteracy.org. Among other things, the bill says agents should act in consumers’ best interest and recommend affordable and appropriate coverage.
It's Time for a Consumer Bill of Rights - Insurancethoughtleadership.com:
On April 6, 2016, the Department of Labor (DOL) released its long-awaited fiduciary rule. It is clear that things will never be the same. While the fiduciary rule is limited in the products that it applies to, it is a clear sign that the time has arrived for the Insurance Consumer Bill of Rights.
Insurance Entertainment Newsletter:
Founder of The Insurance Literacy Institute, Tony Steuer, and founder of Huntley Wealth & Insurance Services, Chris Huntley, are organizing “The Whole Life Rebellion” movement to specifically promote awareness for term life insurance in the spirit of theInsurance Consumer Bill of RightsInsurance Consumer Bill of Rights. Bottom Line: a topic as controversial as ‘bikini photos on LinkedIn’.
Whole Life Rebellion: Insuranceblogbychris.com (Huntley Wealth Services):
You’ve probably heard of the Hippocratic Oath, an oath all physicians must swear to live by, or the Fiduciary Oath, a code of ethics financial advisors must swear to.
The life insurance industry has no such code.
Tony Steuer from InsuranceLiteracy.org has submitted the Insurance Consumer Bill of Rights to Change.org, which among other things, says that agents should only act in consumers’ best interest and provide coverage that is both affordable and appropriate for consumers’ needs.
Sign the Petition
Imagine an industry where agents pledge and adhere to such a code of ethics. Many of the consumer rights in the bill are highly relevant to the sale of whole life insurance.
The Truth About Whole Life Insurance: PTMoney.com:
Ethical Obligations and The Insurance Consumer Bill of Rights: Doctors take the Hippocratic oath and financial advisors the Fiduciary oath. These are ethical codes professionals swear to live by in the execution of their duties. As of today, the life insurance industry has no such code, which is a travesty.
Tony Steuer (InsuranceLiteracy.org) has created the Insurance Consumer Bill of Rights on Change.org, which seeks to implement a similar code of conduct in the insurance industry requiring all agents to act in the consumers’ best interest. The desired result would be agents targeting consumers’ specific needs to provide them with the most affordable and appropriate life insurance for their unique circumstances. Insurance agents should be held accountable for the advice they offer.
U.S. Insurance Stock Outlook - May 2016: Zacks.com:
Increasing insurance literacy through initiatives like The Insurance Consumer Bill of Rights should help the industry witness rising demand for products. Increasing demand from economically recuperating American households should eventually place insurers in a favorable pricing cycle, too.
Thank you for your support of The Insurance Bill of Rights Movement. Change is possible and will shape the future of Insurance for the better. Until next time,
Tony
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