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That's the million dollar question.....I had a "regional manager" years ago try to recruit me to sell this stuff and I couldn't get that out of him them and today I talked to a "new here myself" selling the plan over the phone (all inhouse sales) and I'm sure he doesn't even know what claims reserves even mean let alone be able to answer the question. They don't have to report to the doi on claims reserves so who knows.
My favorite line to people who had it (haven't run into it in a long time) was that I would tell them that I can't compete with faith....worked every time.
Well if it not considered insurance I'm guessing the sales people are not licensed and as such shouldn't there be something like a source of funds rule when they are helping people move from Insurance to these plans...kinda like the source of funds rules the SEC is working on to stop an agent from moving money from a product they are not licensed to sell.